Tax

[londonessexl]

Hi,
Are there any financial benefits of getting married. No kids, just wondered if tax paid at work will differ?, and if council tax will differ?

Cheers
M

[CrazyDaisy80]

Hello,

It used to be that there was a Married Person's Allowance in Tax but I think this has been Phased Out now.

Why not go to www.hmrc.gov.uk and use the Search Facility to see if Revenue & Customs can be more specific??

[dzug]

Not many advantages.

If one of you passes away the other automatically inherits at least part of the estate. If you are not married the deceased's other relatives get it if there is no will.

Tax (until you are over 70 anyway) and council tax won't change.

You get reduced rate subscriptions to some organisations - although most these days allow unmarried couples the same.

[londonessexl]

Thanks peeps!

[Mrs_Pegasus]

Is it a sign of the times that someone wants to know the financial benefits of marriage. What happened to good old fashioned love.

[londonessexl]

Mrs Pegasus, I merely asked the question as I have never been married before, and am just trying to find out what the benefits are apart from the obvious ones. Id like to make sure that our big day goes smoothly and that EVERYTHING is sorted. My next question was going to be ' do we need to notify anyone (i.e tax/ employers/ council) of our change in circumstance?'. Perhaps you could answer that one too...

[makemesmile]

No financial benefits anymore, and yes you will have to notify the Inland Revenue, Council etc of any changes, especially if wifey is taking hubbies name.

Good luck!

[Mrs_Pegasus]

Council Tax
Tax man
Passport
Driving Licence
Employees
Insurance companies
Bank
Doctor
Dentist
DVLA
Pensions

Start recording your mail, anything that comes in your name you will need to note down and then notify them when you are married. When you get your marriage certificate get copies made as soon as you can, some companies/organisations will ask for copies.

Didnt mean to offend but your wording sounded like you were needing something to make your mind up.