Mar 20 • 23:03 UTC 🇬🇧 UK Mirror

BBC expert says married couples 'have 2 weeks' to claim £1,260 lump sum

The BBC warns married couples that they only have two weeks to claim a potential back payment of £1,260 through the Marriage Allowance.

In a recent segment on BBC Morning Live, financial expert Laura Pomfret highlighted the urgency for married couples to take advantage of the UK Marriage Allowance before the April 5 deadline. This allowance allows lower-earning spouses to transfer a portion of their personal allowance to their higher-earning partner, effectively reducing their joint tax bill by up to £252 each year. Eligible couples can backdate their claims for up to four years, potentially totaling £1,260 in savings.

Pomfret emphasized that qualifying couples should act quickly, as the short window to apply is fast approaching. The application process is described as straightforward, allowing eligible individuals to secure significant savings without much hassle. With one partner needing to earn below the Personal Allowance threshold (currently £12,570) and the other partner paying basic rate tax, many couples might not even realize they qualify, making this information particularly crucial.

As the April 5 deadline looms, Pomfret's warning serves as a reminder for couples to assess their tax situations promptly. This financial benefit not only eases the tax burden but also brings attention to the importance of understanding available allowances that can lead to significant monetary relief for households navigating financial responsibilities in today's economy.

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