Martin Lewis is urging millions of people to take action as they risk missing out on more than £1,000. The money-saving expert said more than two million are missing out on a tax break worth £1,256 and they only have until April 5 to get it before it's gone forever.
During this week's episode of the Martin Lewis Money Show Live, he informed viewers that a "staggering" 2.1 million couples can claim Marriage Allowance.
He exclaimed that they should "stop making excuses" and fill in the application form. Couples can get up to £252 this tax year, however, the claim can also be backdated to 2019/20, making it worth £1,256. READ MORE: Police issue update on arrested M62 driver after 'runaway electric car brought to stop' Martin told viewers: "This is the Marriage Tax Allowance, if you don't apply now you may lose £250, there are a staggering 2 million 100,000 couples out there who are eligible for this - it is big money - and are not claiming it.
There are two criteria, first of all you must be married or in a civil partnership - I’m afraid cohabiting does not count - and one of you must be a non-taxpayer, so that's usually under £12,570 a year and the other one a 20 per cent tax payer, so hat’s usually earning between £12,500 to £50,000a year.” He continued: "The taxpayer then has an extra 20 per cent of which they are not taxed.
Read more on manchestereveningnews.co.uk
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