Marriage Allowance and How to Apply

By Kieran Drew
In November 2, 2016
On News
Comments off


You may recall a Marriage Allowance which was introduced in 2015? This meant that one half of a married couple can transfer part of their tax-free allowance to the other, providing one partner is earning £11,000 or less, and the other is paying only Basic Rate Tax.

If this situation sounds familiar, then by applying for the Marriage Allowance via HMRC’s website you could save £220 this year. However, you can also claim for last year, meaning a total maximum rebate of £432 in this year. It may not be much, but its better that the money is in your bank than in theirs, and the extra may be of use through the coming festive season!

Less than a quarter of people who are eligible have actually applied for this allowance, even though it takes only five minutes. If you are interested, the application can be accessed via the link below:

Comments are closed.


Redwood Financial Family Wealth & Estate Planners Ltd is Directly Authorised and regulated by the Financial Conduct Authority. FRN number 774469.

Subscribe to our free monthly Wealth Management update.


The Financial Conduct Authority do not regulate, Will Writing, Buy to Let Mortgages, Auto-Enrolment, Tax Advice and Estate Planning. Your capital is at risk. Investments can fluctuate in value and investors may not get the amount back they invest. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.

Contact us

Telephone: 01489 877547

Company information

Redwood Financial Family Wealth and Estate Planners Ltd Company Number: 08926661
Registered Office Address: Wellesley House, 204 London Road, Waterlooville, Hampshire,