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Martin Lewis says ‘millions’ of couples missing out on ‘over £1,000’
Martin Lewis has urged married couples to check their marriage tax allowance entitlement, suggesting “millions are missing out” on saving money.
“If you are a basic 20 per cent taxpayer and are married or in a civil partnership... and you are with somebody who is a non-taxpayer - so simply they don’t earn enough in a year to pay income tax - then the non-taxpayer can give 10 per cent of their personal allowance to the taxpayer so that taxpayer then has more money they earn that isn’t taxed,” Lewis explained.
“It’s worth over £250 this year and can be backdated for four prior years, if you did that, it’s a cheque of over a grand coming to you.”
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