February 13. 2019
Love is in the air, roses, wine and chocolates are
everywhere and yet some of us are still thinking about tax. Although we would
never give dating advice (trust me you really wouldn’t benefit), when it comes
to tax, we really know our stuff. The Marriage Allowance is a little tax saving
gift definitely worth having, a simple election could help you save around £238
in 2018/19, and while this may not seem like a lot, have you seen the price of
roses, so every little helps.
I know we have made light of it here but please don’t read the
above and think we are not serious, the days of huge tax savings are gone, so
making as much of the little savings as you can is the best way to try and
reduce you tax bill. If you or your partner aren’t making full use of your
Personal Allowance, £11,850 in 2018/19, then this is something we would strongly
recommend. The link below will take you to a HM Revenue and Customs website
where you can make the election:
https://www.gov.uk/apply-marriage-allowance
If you are not sure about the election or would like to talk it
over with someone please do call us, the team are here to help.
