The Government announced the ‘Marriage Allowance’ recently to help married couples and those living in a civil partnership. This provides an opportunity to save up to £213 per annum.

You will need to go to the below web address in order to register under the scheme:

The rules are to be enforced from the 6th April 2015 and over 4 million married couples will be affected in addition to the 15,000 people with civil partnerships.

If you’re a civil partner or spouse and earn less than the statutory minimum to be paying tax, you can transfer up to £1,060 of your personal-tax free allowance to your civil partner or spouse as long as your civil partner or spouse does not pay more than the basic rate of tax.

Martin Beckenham
Martin Beckenham

Martin Beckenham runs The Financial Management Centre in Ashford & Maidstone and serves as the head bookkeeper in Ashford and Maidstone. Martin is a Certified Bookkeeper with the Institute of Certified Bookkeepers. He has over 35 years of experience in the Finance and Administration sector, firstly in the Oil Industry and more recently as Head of Statutory Government body.