The letter 'M' stands for Marriage Allowance, meaning you’ve received a transfer of 10% of your partner’s Personal Allowance.
One partner can transfer £1,260 of their unused tax-free personal allowance to boost the amount their spouse can earn ...
Married couples have the ability to increase their Personal Allowance by 10 per cent through Marriage Allowance, a legitimate tax reduction mechanism provided by HMRC. Those who are married, or in a ...
Mr Lewis explained it essentially delivers a £1,260 tax saving for married couples - adding that it applies 'provided one of you is aged under 90' - specifically those born after 5th April 1936.
MARTIN Lewis has issued a warning to two million married Brits who could be missing out on a tax break of more than £1,000 from the Government. The money-saving expert says couples who have tied ...
State pensioners are being given a boosted £13,830 tax-free Personal Allowance with an HMRC rule.
It’s surprising how many couples don’t make use of the marriage allowance for Income Tax, according to tax experts.