Marriage and Tax
The tax benefits of being married
When you get married, for the remainder of the tax year each person will continue to be taxed as a single person. If you find that this amount is greater than the amount you would pay as a married couple then you can claim back the difference the following tax year. It is advisable to tell the tax office when you are getting married.
There are 3 types of taxation for married couples.
The first is assessment as a single person, which means that each person is continued to be taxed as a single person. This means that each person is taxed on their personal income and receives their own tax credits and standard cut-off point. This choice is not usually the best option for a married couple for several reasons, as it means that tax credits and standard cut-off point cannot be transferred. Also, if your partner is caring for a dependent, you would not be entitled to Home Carer’s Tax Credit.
Next there is separate assessment, which is similar to the previous option with a few exceptions. Under separate assessment some tax credits can be divided equally between the couple. These include;
- married tax credit
- age tax credit
- blind person's tax credit
- incapacitated child tax credit.
Finally, the most common form of taxation for married couples is joint assessment. Joint assessment is the most beneficial way for a married couple to be assessed. Tax credits and standard cut off points can be allocated between the couple so that if only one person works they will receive the tax credits and cut off point. If both people work then it is up to the couple to decide who the assessable party is. The Inland Revenue must be informed of which person is assessable.
Share your experiences
Please note: The views expressed in community areas of this site do not necessarily reflect or represent the views of Law on the Web, its owners, its staff or contributors.
Marriage is the legal union of two people who want to share in all aspects of their lives together. For most couples who want to stay together marriage is the best option, as it is the only way that the law will officially recognise their relationship and afford them the benefits of this.Find out more
Family law is a large part of the body of rules and regulations that make up UK law. Family life is considered to be such an important part of our society, not just in the security and development that it provides to children but also as a major driver of the economy.Find out more
Marriage: To join together in union with the one that you love so dearly. Marriage can be such a beautiful thing. However, marriage is not always a walk in the rose garden.Find out more