Married couples missing out on tax break

The Mail reports that just 504,000 of the 4.2m people eligible for the married couples tax break have signed up. Someone earning below the £10,600 basic rate threshold can transfer some of their tax-free personal allowance to their spouse, if their partner earns within the basic rate 20% tax band, leading to savings of up to £212 a year. The Office for Budget Responsibility has blamed computer problems at HMRC and a lack of advertising as the reason why so few had signed up.

Daily Mail, Page: 55

Posted on March 23rd 2016

Loading... Updating page...