Kerry Katona has shared her fears amid the cost of living crisis, and says she's "constantly" thinking about ways to save money. As she shared her tips, the mum-of-five revealed her "lazy" children are a "nightmare" when it comes to leaving the lights on, as she said: "They need to start learning about the realities of life." Writing in her column, Kerry, 42, added: "I’m trying to teach my kids to be more appreciative." Sign up – for free – to see what else she has to say! Are you an OK! VIP? If not, why not? It’s free and gives you backstage access to stories like this, exclusive home tours, special discounts and so much more! All you need to do is pop your email address below! P.s. if you’re already seeing this article in full, congrats - you’re already on ou r guest list! Video Loading Video Unavailable Click to play Tap to play The video will auto-play soon8Cancel Play now Bright ideas Me and Ryan are worried about the cost of living crisis.
HMRC urges couples to check for £252 tax break to help during cost of living crisis
31.08.2022 - 15:01 / dailyrecord.co.uk
Married couples and those in civil partnerships are being urged to say ‘I do’ to the Marriage Allowance. At the height of the summer wedding season, HM Revenue and Customs (HMRC) is reminding couples about the allowance, which allows married couples or people in civil partnerships to share their personal tax allowances.
It can apply if one partner earns below the personal allowance threshold of £12,570 and the other is a basic rate taxpayer. Couples who have been married for years can still qualify. Eligible couples can transfer 10% of their tax-free allowance to their partner, reducing the tax they pay by up to £252 a year.
You can apply at any time throughout the year and, if eligible, could backdate their claims by up to four previous tax years to receive a payment worth up to £1,242. People can claim directly through HMRC’s online portal on GOV.UK to ensure they receive 100% of the tax relief.
In a recent post on Twitter, HMRC said: "If you’re married or in a civil partnership, you could be missing out on up to £252 in tax relief every year.
"Make sure you're claiming all of the benefits and tax reliefs you're eligible for - check the government's Help for Households website."
You can claim back up to four years’ worth of the tax boost. Below is each tax year and the value of the allowance:
Marriage Allowance is one of a number of benefits and reliefs available to boost family finances at a time when many are concerned with the rising cost of living.
Angela MacDonald, HMRC’s Deputy Chief Executive and Second Permanent Secretary, said: “We want to ensure people are receiving vital financial support at a time when they need it most.
“Married couples or those in a civil partnership could potentially receive tax relief
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