Open

Latest news

Explore insightful perspectives and expert advice on finance

Home |Latest news |HMRC reminds married couples to utilise Marriage Allowance

Latest news

Browse by category
Business News

HMRC reminds married couples to utilise Marriage Allowance

February 17 2022

HMRC has reminded married couples and people in civil partnerships to sign up for the Marriage Allowance to help reduce their tax bill.

The Allowance permits eligible couples to share their personal allowances if one partner earns an income under the personal allowance threshold of £12,570 and the other is a basic rate taxpayer.

Couples are able to transfer 10% of their tax-free allowance to their partner. This equates to £1,260 in the 2021/22 tax year.

Commenting on the matter, Angela MacDonald, HMRC's Deputy Chief Executive, said: 'Couples could be sitting on a tax relief worth up to £1,220 that could provide vital financial support at a time they need it most. To find out if you are eligible and how to apply search 'Marriage Allowance' on GOV.UK.

'More than 2 million couples have applied for the tax relief since it was launched in 2015 but there could be thousands more who are eligible to claim.'

Here to help

Please complete the form below and our expert team will be in touch.

  • Contact details

    • *
    • *

  • What services are you interested in?

    • *

  • Message

    • *

  • Which location would you like to contact?

  • Communication

    • *Indicates a required fields.†At least one form of contact is required.

      By submitting this form, you agree that Attwoods can process your information in order to respond to your enquiry. For more information visit our Privacy Policy.

Bromsgrove
Bromsgrove

Attwoods is proudly based in the historic market town of Bromsgrove, Worcestershire

  • 182 Worcester Road
  • Bromsgrove
  • Worcestershire
  • B61 7AZ
Call us01527 874170
Learn more about BromsgroveGet in touch
Evesham
Evesham

Attwoods is proudly based in the picturesque town of Evesham, Worcestershire; nestled in the heart of the Vale of Evesham

  • 90-92 High Street
  • Evesham
  • Worcestershire
  • WR11 4EU
Call us01386 424388
Learn more about EveshamGet in touch
Pershore
Pershore

Attwoods is proudly based in the Georgian market town of Pershore, Worcestershire.

  • Perrott House
  • 17 Bridge Street
  • Pershore
  • Worcestershire
  • WR10 1AJ
Call us01386 554870
Learn more about PershoreGet in touch
  • Xero Logo
  • Gold Partner Logo
  • Sage
  • QuickBooks Platinum

The practices of Attwoods are carried on by Attwoods Accountants Limited, Attwoods Business Services Limited, Attwoods (Bromsgrove) Limited. Regulated for a range of investment business activities by the Association of Chartered Certified Accountants.