Have You Claimed Your Marriage Tax Allowance Yet?

The Marriage Tax allowance was established by the government to help married couples and people in civil partnerships, where one partner is a standard rate income tax payer and the other does not pay tax. The allowance works by letting the non-tax  payer transfer £1,190 of their Personal Allowance to their partner.

marriage tax allowance. only pay the tax that you should

Around 4 million couples have applied and qualified for the allowance since it was introduced but, according to HMRC, a million are yet to claim it.

The allowance is worth up to £238 per year in tax relief, and because it is possible to backdate allowances as far back as 2015, payments could be worth as much as £900.

If you believe that you qualify then apply online at the HMRC website today.

Lewis Smith & Co. can help you with all aspects of tax planning to ensure that you pay no more tax than you should. Contact us today for a no obligation discussion of your tax position.  Call 01384 235549 or email info@lewissmith.com.

 

Lewis Smith & Co. – Accountants for Brierley Hill businesses