The Marriage Allowance

The Government is introducing a new Marriage Allowance later this year and is encouraging people to register their interest now.

Every adult has a Personal Allowance which is the amount of money you can earn in one tax year before you pay Income Tax. The new Marriage Allowance will apply from the 2015/2016 Tax Year and will allow a person who is married or in a civil partnership to transfer part of their Personal Allowance to their partner. The Government suggests that this could save couples up to £212 a year.

To qualify for the Marriage Allowance you will need:

to be married or in a civil partnership
to have an annual income of less than £10,600 – including pensions, savings and investments
for your spouse or civil partner to have an annual income of between £10,601 and £42,385
for you and your spouse to be born on or after 6 April 1935

For anyone who considers they may qualify for the Marriage Allowance and wishes to register their interest, they can do so here.

If you need advice, our friendly and experienced solicitors are on hand to help. Call the team on 01473 611211 or email [email protected]

Amanda Crowe is a divorce solicitor at Barker Gotelee, Solicitors in Ipswich.

Divorce Solicitors Suffolk – click here for more information on our services