Around 2.4 million couples in the UK could be missing out on claiming up to £1,220 back in tax.
This applies to those who are married, and or in civil partnerships, and aren’t benefiting from marriage tax allowance.
Read more: Mum’s tricks to get freebies worth over £100 including smartwatches and Lego
The marriage tax allowance enables eligible people to transfer £1,260 of their personal allowance to their spouse or civil partner to cut their yearly tax bill.
Your personal allowance is the amount you can earn tax-free each tax year, reports The Mirror.
For the current tax year, the tax break your can get is worth £252, but claims can also be backdated four years.
In total, people could claim back £1,220.
Who is eligible for a marriage tax allowance?
There’s a certain criteria you need to meet in order to be able to claim this allowance.
You need to be married or in a civil partnership and one of you also need to be a non-taxpayer while the other person needs to be paying the basic 20% rate of tax.
This usually means one of you doesn’t pay tax or earns less than £12,570, while the other person would be making between £12,571 and £50,270.
Other eligibility you must meet includes both of you having been born on or after April 6, 1935.
How do I claim marriage tax allowance?
Marriage tax allowance for the current 2021/22 tax year is worth up to £252.
However, you can also claim back for the four previous years too, if you have met the criteria for those years.
In total, the maximum amount you can claim back is £1,220.
Once you’ve put in the claim, it’ll count for all the tax years going forward.
The amounts for each year are worth up to:
2021/22 – £252
2020/21 – £250
2019/20 – £250
2018/19 – £238
2017/18 – £230
If you want to apply for the 2017/18 tax year, you’ll need to do so by April 5, 2022, as that is when the new tax year starts.
The person who doesn’t pay tax will need to apply for the marriage tax allowance.
You can apply online via the HMRC website or by calling 0300 200 3300, you will need both your national insurance numbers and relevant IDs to hand.
If you’re applying for the current tax year, the higher earner will pay slightly less tax on their take-home pay.
But if you’re backdating for previous years, you will get a payout in the form of a bank transfer or cheque.
Download the LancsLive app for free on iPhone here and Android here.
To keep updated, follow LancsLive on Facebook and @LiveLancs on Twitter.
Have you got news for us? Contact our newsdesk on [email protected].
Get all the latest news, sport and what’s on stories sent to your inbox daily with the LancsLive newsletter here.