CALVIS ESTATE PLANNERS

• 74909 - Other professional, scientific and technical activities n.e.c.

If you're married or in a civil partnership, you may be entitled up to a £1,188 tax break called the marriage tax allowance. More than 2.3 million qualifying couples are currently missing out on this particular tax break. This is because Marriage allowance is an elective tax break and has to be claimed via HMRC. It is not a tax break which is automatically applied through your tax code. When it is claimed it allows the partner with the lower income to transfer up to £1,150 (over a 4 year backdated claim) of their personal allowance that remains to the partner with the higher earnings. By doing this couples can reduce the higher earner's income tax by up to £250 per year... Your income is £11,500 and your Personal Allowance is £12,500, so you don't pay tax... Your partner's income is £20,000 and their Personal Allowance is £12,500, so they pay tax on £7,500 (their ‘taxable income'). This means as a couple you are paying Income Tax on £7,500.

Also known as: calvis, CALVIS ESTATE PLANNERS LTD

Previous names: KEY ESTATE PLANNERS LTD

Registration numbers: 12297127 (CH)

Primary location: Truro United Kingdom