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