Martin Lewis issues £220 refund warning to anyone who has been married 4 years or more - News Summed Up

Martin Lewis issues £220 refund warning to anyone who has been married 4 years or more


"Apply for Marriage Tax Allowance now or lose up to £220," the consumer website explained. "If you're eligible for the Govt's Marriage Tax Allowance, once you sign up, you get it year after year." Marriage Tax Allowance - explained(Image: Getty Images/iStockphoto)The Marriage Allowance allows non-taxpayers to transfer up to 10% of their £12,500 personal allowance to a basic rate tax-paying spouse or civil partner every year. "There are a lot of organisations out there who will offer to help you trigger your marriage allowance refund – but then will charge you a hefty fee," Todd warned. "Tax refund companies sometimes charge fees of up to 40% or 50% of the value of the refund.


Source: Daily Mirror March 24, 2021 10:24 UTC



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