{"id":1064,"date":"2021-08-17T00:00:00","date_gmt":"2021-08-17T00:00:00","guid":{"rendered":"http:\/\/taxbak.co.uk\/index.php\/2021\/08\/17\/could-you-benefit-from-additional-tax-relief\/"},"modified":"2021-08-17T00:00:00","modified_gmt":"2021-08-17T00:00:00","slug":"could-you-benefit-from-additional-tax-relief","status":"publish","type":"post","link":"http:\/\/taxbak.co.uk\/index.php\/2021\/08\/17\/could-you-benefit-from-additional-tax-relief\/","title":{"rendered":"Could you benefit from additional tax relief?"},"content":{"rendered":"<p>Couples may be eligible to reduce their Income Tax by up to &pound;252 a year by sharing their Personal Allowances.<\/p>\n<p>HMRC has announced that nearly 1.8 million married couples and those in civil partnership are using Marriage Allowance to save up to &pound;252 a year in Income Tax.<\/p>\n<p>Marriage Allowance allows married couples, or those in civil partnerships, to share their Personal Tax Allowances if one partner earns below &pound;12,570 a year, and the other is a basic rate taxpayer.<\/p>\n<p>Couples can transfer 10% of their tax-free allowance to their partner (&pound;1,260 for 2021 &ndash; 2022 tax year), significantly reducing the amount of annual tax they pay. They can also backdate their claims for the past four tax years, potentially receiving up to &pound;1,220.<\/p>\n<p>Angela MacDonald, HMRC&rsquo;s Deputy Chief Executive and Second Permanent Secretary said: &ldquo;Marriage Allowance lets eligible couples share their Personal Allowances and reduce their tax by up to &pound;252 a year. Nearly 1.8 million couples are already using the service &ndash; it is free, quick and easy to apply.&rdquo;<\/p>\n<p>If a married couple have experienced a change in their circumstances, it may mean they are now eligible for Marriage Allowance. This includes:<\/p>\n<ul>\n<li>A recent marriage or civil partnership<\/li>\n<li>One partner has retired and the other remains working<\/li>\n<li>A change in employment due to COVID-19<\/li>\n<li>A reduction in working hours which means their earnings fall below their Personal Allowance<\/li>\n<li>Unpaid leave or a career break<\/li>\n<li>One partner is studying or in education and not earning above their Personal Allowance<\/li>\n<\/ul>\n<p>If a spouse or civil partner has died since April 5th 2017, their partner can still claim by contacting the Income Tax helpline.<\/p>\n<p>While Marriage Allowance claims are usually automatically renewed each year, couples should notify HMRC if their circumstances change.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>Couples may be eligible to reduce their Income Tax by up to &pound;252 a year by sharing their Personal Allowances. HMRC has announced that nearly 1.8 million married couples and those in civil partnership are using Marriage Allowance to save up to &pound;252 a year in Income Tax. Marriage Allowance allows married couples, or those [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1064","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-left-layout","blog-style-postblock","","blog-alt-odd"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=1064"}],"version-history":[{"count":0,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1064\/revisions"}],"wp:attachment":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=1064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=1064"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=1064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}