Married couples to receive £1,000 tax break

The Government has confirmed that more than four million married couples and civil partners will be entitled to a new transferable tax allowance. Under the new scheme, eligible spouses and civil partners will be able to transfer £1,000 of their personal income tax allowance to their partner.

Due to come into effect between 2015 and 2016, the new measure will allow the higher earning partner to earn an additional £1,000 before paying income tax, meaning a potential saving of up to £200 a year.

To qualify for the tax break:

The new tax break will not be available to the following:

Couples will be eligible from the first year of marriage and claims for the allowance will be made online. The aim of the allowance is to help couples where one partner has not used all of their personal allowance, or does not work at all.

The finer details of the new £1000 tax break for married couples are yet to be revealed. We look forward to sharing further details with you once they have been announced. 

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