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Taxionary

Marriage Allowance

[ˈmærɪʤ əˈlaʊəns]

Term

Summary:

Marriage Allowance allows low earner couples who are married or in a civil partnership to transfer a portion of their personal allowance to their partner.

More detail:

Marriage Allowance is a tax relief scheme in the United Kingdom that allows married couples and civil partners to transfer a proportion of their Personal Allowance to each other. This could potentially reduced their combined tax bill.

One partner must earn less than the Personal Allowance and the other pays the Basic Rate of Income Tax. If this is the case, the lower earner can transfer up to 10% of their Personal Allowance to their spouse.

Married couples or civil partners can apply via HMRC's website.

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