marraige tax benefits

stevodavo

is there any benefits or tax breaks that you get from being married?

ie lower income tax for example?

Bean_Counter

No direct income tax benefit.

Can gain from inheritance tax transfers etc if your really wealthy (however I expect that most people on this site including me aren't!)

Andy_L

IHT exemption

free transfer of assets (so you can put all savings in the name of the lowest rate taxpayer)

Thats about it really

exil

If you're getting married for tax reasons only, it may not be a good idea to get married!

Serco_is_crap

This government in its pursuit for alternative life styles somehow thinks that marriage is very middle class and does not support it with tax breaks on earnings pre retirement in any way even though the residents of number 10 & 11 and committed church goers - obvioulsy they do not practice what they preach.

RayWolfe

So who started the move away from Married Person's Tax Allowance? I think you'll find it was not this government.

Andy_L

Why should a married couple be able to pay a lower proportion of income in tax than a singlie like me?

I could see an argument if they had kids, but then they get child benefit & (possibly) WFTC

Gambler

Andy_L wrote: »

Why should a married couple be able to pay a lower proportion of income in tax than a singlie like me?

I could see an argument if they had kids, but then they get child benefit & (possibly) WFTC

We get child benefit of £29 per week, big wow. It would be nice if I could make use of my partners personal allowance of £5K. The extra £100 saving per month would come in very handy.

RayWolfe

Why not sent the £29 to me each week then if you think it's a big wow? I don't want you to be unhappy.

Gambler

RayWolfe wrote: »

Why not sent the £29 to me each week then if you think it's a big wow? I don't want you to be unhappy.

My point was £29 is nowhere near enough to bring up children. And I've been paying tax/NI for many years and always worked etc. Would be nice to get something back.

Andy_L

I've been paying tax/NI for many years as well (2 years without representation as well). Would be nice to get something back to.

Don't get me wrong, I'm all in favour of the state helping people to bring up children, after all ther going to be paying my pension/being my doctor/wiping my bum in my incontanant dotage but is a sharing of tax allowances the best way to do it? A HRT payer with a non working spouse will get just under twice as much benefit out of that as a basic rate tax payerwith a nonworking spouse, is that fair?