Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Finance

Leading Tax Expert Urges Taxpayers to Take Advantage of Tax Break for Married Couples

Leading Tax Expert Urges Taxpayers to Take Advantage of Tax Break for Married Couples

One of the UK’s leading tax preparation specialist repeated his call for married couples, including those in civil partnerships, to ensure they are taking full advantage of their entitlement to Marriage Allowance. David Redfern, founder of DSR Tax Claims, spoke out in light of HMRC’s latest press release which claims that one million couples are still not claiming the Marriage Allowance tax break that they are entitled to.

Redfern has been a vocal supporter of increasing public awareness of tax relief and has urged married couples to claim their full Marriage Allowance in the past.

Redfern expressed his disappointment that more couples weren’t taking advantage of the full tax breaks open to them, stating that “just nine months ago I urged married couples to make sure they weren’t missing out on Marriage Allowance which could be worth nearly £1000 when backdated for the previous four years and yet still people aren’t heeding that message”. He questioned whether the public had the perception that claiming the tax allowance would be time-consuming and complicated, adding “applying for Marriage Allowance is such a simple process which can now be done online in a matter of minutes”.

Marriage Allowance allows married couples, including those in civil partnerships, to transfer any of their unused personal tax allowance to the other spouse and could leave couples up to £238 a year better off. Redfern stated that “with personal finances being squeezed ever tighter in today’s financial climate, it makes sense for people to ensure that they are claiming all the tax relief they are entitled to, especially when they are as easy as this to claim”. He finished by advising HMRC to increase awareness of the most common forms of tax relief that people were failing to claim.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post