Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
Page 1
  • Noozan
    • #2
    • 17th Mar 05, 6:04 PM
    • #2
    • 17th Mar 05, 6:04 PM
    You used to get an addtional tax allowance if you were married but this was phased out about 5 years ago. I think you only get the married couples allowance now if one of you was born before 1935.
    I have the mind of a criminal genius. I keep it in the freezer next to Mother....
    • WHA
    • By WHA 17th Mar 05, 7:51 PM
    • 1,334 Posts
    • 1,015 Thanks
    WHA
    • #3
    • 17th Mar 05, 7:51 PM
    Married
    • #3
    • 17th Mar 05, 7:51 PM
    And you would have to be legally married to have qualified for the married couples allowance - "common law" has no status in taxation matters.

    Instead of married couples allowances, of course, you can now claim child tax credit etc., which is worth a lot more than the married couples allowances ever was.
    • YorkshireBoy
    • By YorkshireBoy 17th Mar 05, 11:27 PM
    • 27,561 Posts
    • 15,509 Thanks
    YorkshireBoy
    • #4
    • 17th Mar 05, 11:27 PM
    • #4
    • 17th Mar 05, 11:27 PM
    Instead of married couples allowances, of course, you can now claim child tax credit etc., which is worth a lot more than the married couples allowances ever was.
    by WHA
    Not doubting you, but is this true for all married couples? I seem to think we were worse off when CTC came in - we get approx £545/year. Or is it the "etc" bit you refer to above that "makes it worth a lot more"?

    Am I wrong?

    YB
    • dunstonh
    • By dunstonh 18th Mar 05, 9:26 AM
    • 83,244 Posts
    • 48,292 Thanks
    dunstonh
    • #5
    • 18th Mar 05, 9:26 AM
    • #5
    • 18th Mar 05, 9:26 AM
    Instead of married couples allowances, of course, you can now claim child tax credit etc., which is worth a lot more than the married couples allowances ever was.
    In can be better for some and worse for others.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
  • Noozan
    • #6
    • 18th Mar 05, 9:42 AM
    • #6
    • 18th Mar 05, 9:42 AM
    I thought that when the married couples allowance was in place, ALL married couples were eligible for it through either the husband's or the wife's tax code regardless of whether they had children or not.

    Obviously you can only get child tax credit if you have children and elements of child tax credit and working tax credit are means tested so not everyone is better off.
    I have the mind of a criminal genius. I keep it in the freezer next to Mother....
  • fairenoughclough
    • #7
    • 18th Mar 05, 10:50 AM
    • #7
    • 18th Mar 05, 10:50 AM
    And you would have to be legally married to have qualified for the married couples allowance - "common law" has no status in taxation matters.

    Instead of married couples allowances, of course, you can now claim child tax credit etc., which is worth a lot more than the married couples allowances ever was.
    by WHA

    FYI, looking back at the history of this.

    in 1994/95 the MCA was worth about £500 in today's figures for a standard rate tax payer on average earnings.
    inbetween times Tory and labour governments cut it's value until
    in 1999/2000 in it's last year it was worth about £225 ......................

    So basically, it's back to 1995 levels, except childless couples don't get any payment.
    Just for one moment, thought I'd found my way.
Welcome to our new Forum!

Our aim's to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

740Posts Today

6,314Users online

Martin's Twitter