The Marriage Allowance in the UK allows couples to transfer a portion of their personal tax allowance to their spouse or civil partner. This can reduce their partner’s tax if one partner’s income is below the personal allowance threshold (£12,570 for the tax year 2023/2024) and the other is a basic rate taxpayer.

Here’s what the calculator will do:

Transfer up to £1,260 of the personal allowance from the lower-earning partner to the higher-earning partner.

The higher-earning partner can save 20% of this transferred amount in tax, which is £252 in the tax year 2023/2024.

Inputs Needed:

1. Lower Earner’s Income: To check if the person qualifies to transfer the allowance.
2. Higher Earner’s Income: To ensure they are a basic rate taxpayer (earning between £12,570 and £50,270).
3. Output: How much the couple can save through Marriage Allowance.

Our accountancy firm is here to assist you not only with Marriage Allowance calculations but also with a wide range of other accounting matters. Whether you need help with tax returns, bookkeeping, payroll, or business finances, our expert team is ready to provide reliable and professional support. We understand that managing finances can be complex, and we’re committed to making the process as straightforward as possible. Whatever your accounting needs, don’t hesitate to get in touch—we’re here to help!