Have you taken advantage of the Marriage Allowance?

A married couple or civil partnership can apply to transfer 10% of the income tax personal allowance from one to the other. Although called the marriage ‘allowance’, it is a transfer rather than an additional allowance. To qualify for the allowance, neither of the partners can be higher rate taxpayers and cannot be claiming the… Continue reading Have you taken advantage of the Marriage Allowance?

Shared parental leave – What are you entitled to?

Shared parental leave (SPL) allows employed parents and adopters to share leave and pay with their partner to care for children from birth until their first birthday. Only employees can take SPL; they must have a partner (separated partners still qualify if sharing responsibility for care of child at the time of birth) SPL allows… Continue reading Shared parental leave – What are you entitled to?

The New Marriage Allowance

  The marriage allowance allows you transfer £1,100 of your Personal Allowance to your husband, wife or civil partner – if they earn more than you. This reduces their tax by up to £220 in the tax year (6 April to 5 April the next year). In order to benefit as a couple, you (as… Continue reading The New Marriage Allowance