Marriage Allowance is a transferable allowance for married couples and civil partners.
The legislation was introduced by the Finance Act 2014 and allows one individual within the marriage to transfer up to £1,190 of their personal allowance to their partner, resulting in a potential tax saving of £238.
The person transferring their allowance must have an income of £11,850 or less for 2018/19.
There are also some conditions for the individual receiving the tax relief:
- must be married on in civil partnership with the person who is making the election to transfer his/her allowance
- must be a basic rate taxpayer
- must meet the residence requirements to claim personal allowance
- has not made a claim for Married Couples Allowance (a separate tax relief) in the same tax year
If you believe you may be eligible to claim Marriage Allowance but are unsure how to do so then get in touch and one of our members of staff will be able to assist you.