News

MEDICAL

TAX AND BUSINESS

GP MEDICAL

The Sandisons Logo

CONTACT

MENU

Extra tax relief for married over 80s

Source: HM Revenue & Customs | 11/04/18

The Married Couple's Allowance (MCA) is available to elderly married couples or those in a civil partnership, where at least one member of the couple were born before 6 April 1935 (i.e. at least 83 years old). The allowance provides for tax relief by deducting 10% of the allowance from the amount of tax due on taxable income. The MCA can reduce a tax bill to zero but cannot result in a refund of tax.

For the new tax year, the maximum amount of married couple's allowance is £8,695. This means that qualifying claimants can receive a maximum deduction of £869.50 from their income tax bill. There is a minimum allowance of £3,360 which could get qualifying taxpayers a minimum deduction of £336.

Planning note

The MCA should not be confused with the Marriage Allowance (MA), which came into force on 6 April 2015 and allows lower earning couples (of any age) to share part of their personal tax-free allowance. The MA allows the lower earning partner to transfer up to £1,190 (2018-19) of their personal tax-free allowance to a spouse or civil partner.

Newsletter

With our newsletter, you automatically receive our latest news by e-mail and get access to the archive including advanced search options!

> SIGN UP FOR THE NEWSLETTER

> LOGIN

Some accountancy websites also provide pages and pages of tax information, helpsheets, etc. We prefer to give clients personally tailored advice. So, if you want details of tax rates and allowances just go to the HMRC website on which you should find what you’re looking for. If you need more individual advice please contact us.

Below are links to websites you may find of interest, but as we like to support our local community and clients, we have included links to websites that may be of interest:

HMRC

FT

BBC

VEALE WASBROUGH VIZARDS

CESP

PRACTICE INDEX

More Local:

IPAD CREATIVE

ANGLEBURY PRESS

OFFCAMBER.CO.UK

SANDISONS

Badger House,

Salisbury Road, Blandford Forum

Dorset DT11 7QD

Telephone: 01258 451234

Fax: 01258 453280

Sandisons is the trading name of Sandisons Limited. Registered office: Badger House, Salisbury Road, Blandford Forum, Dorset DT11 7QD.  Co. Reg. No. 05068291

Privacy Statement. Sandisons Limited respects your right to privacy. Any personal or company details received via our website will only be used by Sandisons Limited.

The Sandisons Logo