HMRC update as Britons could reduce tax bill by up to £1,188 – act now | Personal Finance | Finance
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The service offered by HMRC allows those who are either married or in a civil partnership to get money back in their pockets.
It operates under the Personal Allowance tax scheme – the amount of income a person is not required to pay tax on.
This is usually adjusted each tax year, and currently stands at £12,570.
With Marriage Allowance, those who earn £12,570 or less can transfer up to £1,260 of their Personal Allowance to their wife, husband or civil partner.
READ MORE: State pension: Check if you qualify for £3,000 annual boost
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