Tax Rebates & Refunds

Tax break for married couples promised by Conservatives

April 12, 2010
Posted in Income Tax — Written by The Tax Repayment Agency

Conservative leader David Cameron has promised an income tax break for married couples should his party win the General Election.

Under his proposed scheme, a spouse not using all their personal tax allowance, either due to not working or earning less than £6,600, can transfer up to £750 of their allowance to their partner – as long as they earn between £6,600 and £44,000 per year.

It is estimated that this could save married couples up to £150 per year, assuming they qualify.

It is Cameron’s idea to promote a “more responsible society”.

Labour, meanwhile, have claimed the proposed tax break is unfunded and unfair. A Daily Mail poll, however, shows that it is a clear vote winner with two in three voters wanting an increase in tax breaks for married couples.

What do you think? Is it a good idea? Are you in favour? And how will it be funded?

1 Comment (Leave comment »)
  1. Pretty nice post. I just stumbled upon your blog and wanted to say that I have really enjoyed browsing your blog posts. In any case I’ll be subscribing to your feed and I hope you write again soon!

    Comment by school grants — April 19, 2010 at 2:35 am

Comment RSS | TrackBack URL

Leave a comment