PM's £1,000 marriage tax break

Married couples will receive a £1,000 tax break from 2015, the Prime Minister has revealed.

Latest ITV News reports

Scheme 'worth up to £200 per year' for couples

The scheme is slightly more generous to married couples than Osborne and Cameron had initially proposed in their manifesto. Credit: PA

Under the Conservatives' plans, one member of a married couple or civil partnership will be allowed to transfer £1,000 of their tax-free personal allowance to their partner.

The party said the scheme will be worth up to £200 a year for four million couples, including civil partnerships.

Couples will receive the benefit at the end of the tax year in 2016.


Load more updates