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

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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

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