{"id":1560,"date":"2016-10-24T09:37:52","date_gmt":"2016-10-24T09:37:52","guid":{"rendered":"http:\/\/www.bainesjewitt.co.uk\/blog\/?p=1560"},"modified":"2016-10-24T09:37:52","modified_gmt":"2016-10-24T09:37:52","slug":"more-than-75-per-cent-of-uk-couples-not-claiming-marriage-tax-allowance","status":"publish","type":"post","link":"https:\/\/www.bainesjewitt.co.uk\/blog\/more-than-75-per-cent-of-uk-couples-not-claiming-marriage-tax-allowance\/","title":{"rendered":"More than 75 per cent of UK couples \u2018not claiming\u2019 marriage tax allowance"},"content":{"rendered":"<p>A new study has suggested that more than three quarters of UK couples are failing to take advantage of a useful tax perk.<!--more--><\/p>\n<p>Marriage tax allowance, which was first introduced in April 2015, allows couples who have tied the knot to transfer \u00a31,100 of their individual tax-free allowance to their partner \u2013 assuming that one party is paying basic rate income tax and the other is earning less than \u00a311,000 per year.<\/p>\n<p>For the 2016\/17 financial year, the incentive is worth \u00a3220 for the average married couple. However, eligible parties who act fast are entitled to back-date an allowance claim for 2015\/16 \u2013 meaning that they should be able to claim \u00a3432.<\/p>\n<p>Married couples who were born before 6 April 1935 could potentially benefit even further by applying for a separate scheme, Married Couple\u2019s Allowance.<\/p>\n<p>HM Revenue &amp; Customs (HMRC) has said that, despite a relatively widespread advertising campaign, a surprisingly small number of UK couples have taken advantage of marriage tax allowance since it was first introduced.<\/p>\n<p>Data suggests that only 1million of some 4.2m UK couples eligible for the scheme have issued a claim \u2013 despite the fact that HMRC insists it only takes \u2018five minutes\u2019 to apply for marriage tax allowance online.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new study has suggested that more than three quarters of UK couples are failing to take advantage of a useful tax perk.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1560"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=1560"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1560\/revisions"}],"predecessor-version":[{"id":1561,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1560\/revisions\/1561"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=1560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=1560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=1560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}