With the end of the tax year fast approaching, Steve Brine is encouraging married couples and civil partners to look at a government scheme which may save them over £200 in tax.
The Transferable Marriage Allowance was introduced in April 2015, and allows a spouse who doesn't pay income tax to share 10% of their personal allowance with an income tax paying spouse, provided they don't earn above £43,000 per year. This can save the couple £220.
Steve Brine said: "Take up on this excellent scheme has been slow, and according to BBC's Moneybox programme, 3 million couples who are either married or in a civil partnership who qualify have not taken this up.
"I am aware that initially it was not easy to make the claim, but the general consensus now is that it can take around 3 minutes to claim, either online or by phone."
Claiming can be backdated, so couples can claim for the previous tax year, and in future will be able to claim for up to the past four years if they have not already done so. In addition, once a couple signs up, they do not have to renew, as this stays on the tax record unless personally revoked. For couples born before 6th April 1935, TMA is not available, but they can claim the Married Couples Allowance, which could save up to £800.
Steve added: "£200 is a lot of money in anyone's book, so please do take a look if you qualify, and spread the word to friends and family who may not be aware."
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