{"id":1178,"date":"2016-03-25T14:45:05","date_gmt":"2016-03-25T14:45:05","guid":{"rendered":"http:\/\/jsrcharteredaccountants.com\/?p=1178"},"modified":"2016-03-25T14:49:28","modified_gmt":"2016-03-25T14:49:28","slug":"married-couples-allowance","status":"publish","type":"post","link":"https:\/\/jsrcharteredaccountants.com\/married-couples-allowance","title":{"rendered":"Married Couples Allowance"},"content":{"rendered":"

Transfer unused tax allowance to save up to \u00a3212.00 in tax year 2015\/16<\/h2>\n

If you are a married couple or are in a civil partnership, you may qualify for couples tax relief worth up to \u00a3212 in 2015\/16.<\/p>\n

Who does this apply to?<\/h3>\n

This tax relief is available to married couples and couples in a civil partnership where one partner earns less than \u00a310,600 and the other partners income is below the 40% tax threshold.<\/p>\n

One of us is self employed, are we still eligible?<\/h3>\n

This tax relief is available whether your income is from employment, self-employment, pension income, savings or a combination of these; provided your total income is within the allowable bands.<\/p>\n

The 2015\/16 tax year is nearly over, can we still apply?<\/h3>\n

Yes. You can register your interest with HMRC by clicking on this link https:\/\/www.gov.uk\/marriage-allowance<\/a>. If you register before the end of the current tax year, and you and your partner qualify, then you can claim entitlement for the full tax year.<\/p>\n

How will we know if we are eligible?<\/h3>\n

1. To benefit from the Married Couples Allowance the higher earning partner\/ spouse must have earnings of between \u00a310,601 and \u00a342,385 in the 2015\/16 tax year.
\n2. Both members of the couple must have been born on or after 6 April 1935. There is a slightly different allowance available if you were born before this date.
\n3. The lower earning partner\/ spouse must earn less than \u00a310,600 in the 2015\/16 tax year. The maximum relief will be available where the lower earning partners total taxable income is \u00a39,540, or lower in 2015\/16. If the lower income earning partners income falls between \u00a39,540 and \u00a310,600, then the amount of relief available to transfer across to the higher earning partner\/spouse will be reduced accordingly.<\/p>\n

If you would like to more about how this tax relief might benefit you please contact us at JSR Chartered Accountants.<\/p>\n","protected":false},"excerpt":{"rendered":"

Transfer unused tax allowance to save up to \u00a3212.00 in tax year 2015\/16 If you are a married couple or are in a civil partnership, you may qualify for couples tax relief worth up to \u00a3212 in 2015\/16. Who does this apply to? This tax relief is available to married couples and couples in a … <\/p>\n