A new scheme to provide tax breaks to married couples and civil partnerships has opened for registration.
The new Marriage Allowance will be formally launched from 6 April, and allows spouses and partners who don’t pay tax to transfer up to £1,060 of their tax free allowance to their partner, as long as the recipient doesn’t pay more than the basic rate of tax.
It is estimated the scheme will affect four million married couples and 15,000 civil partnerships, who will be able to save up to £212 a year.
Chancellor George Osborne says: “We made a promise to introduce a recognition of marriage into our tax system – and now we’re delivering on that promise.”
HMRC will begin contacting those who have registered from April.
People can register at any point in the tax year and still receive the full benefit of the allowance.