Married or in a Civil Partnership? If yes, does one of you earn under £12,500 whilst the other one of you earns between £12,501 and £50,000? If yes you can claim ~£250 each year!

Married or in a Civil Partnership? If yes, does one of you earn under £12,500 whilst the other one of you earns between £12,501 and £50,000? If yes you can claim ~£250 each year!
  1. Married or in a Civil Partnership?
  2. Does one of you earn under £12,500 whilst the other one of you earns between £12,501 and £50,000?

If yes to both of the above questions then the lower earner is eligible to apply and boost their partner’s personal tax allowance by up to £1,250, which means the higher income earner will pay £250 less tax BUT best of all you can backdate this up to 4 years, however, you have until April 5th 2020 to claim for the past 4 years! If you miss this date you will not be able to claim for the 2015/16 period.

It’s estimated that over 2,000,000 UK taxpayers are eligible for the allowance but haven’t applied!

Learn more and to submit a claim visit the Gov website about the Marriage Allowance – If you have problems just call 0300 200 3300 and do it by phone.

Note: Once you’ve done it once you won’t need to do it again each year

What are the values for each year?

  • 2015/16 – £212 (deadline Sunday 5th April 2020)
  • 2016/17 – £220
  • 2017/18 – £230
  • 2018/19 – £238
  • 2019/20 – £250

You may also like:

Be a financial rockstar and share this with your friends, family and co-workers to maximise savings:

More 10ways.com posts:


Important things to remember with everything we post:

  • If you earn over your personal allowance (currently £12,570 a year) HMRC need to get their % cut (even if the money is in cash or from another country)
  • If you’re working for yourself / earning an income on the side you need to let HMRC know – There are numerous benefits but also some drawbacks
  • You need to always ensure whatever you’re doing is legal and not hurting anyone else – be careful and always think twice
  • Some income streams may require you to have DBS check, licence, insurance or qualifications before you can start to profit from it, do your research.
  • Be careful that any additional income doesn’t compromise your studies or main income/job
  • If you work for a company check your contract, if you don’t inform them you’re working on other side projects outside of work they may have grounds to ownership on this work

Most popular this month

More 10ways posts:

Legendary Deals:

Remember to follow us!