A Conservative Party explanation of the marriage tax break proposal gave an example of the type of couple that would benefit:
Clare and Chris are a married couple. Chris works full-time and earns £25,000 a year, while Clare works three days a week and earns £9,000 a year.
By 2015-16 they would both be expected to have a tax-free allowance of £10,200.
They go online and register for the new marriage tax allowance. Clare transfers £1,000 of her allowance to Chris.
In 2015-16, this means Chris now has a tax-free allowance of £11,200, while Clare’s is £9,200 – and saves the couple £200 a year.
Tax breaks for married couples worth up to £200 a year will be introduced from 2015, David Cameron has announced.
If David Cameron’s so-called marriage tax break is his answer, then the Prime Minister has the wrong question.
The Prime Minister has finally committed to a tax break for married couples in a quite personal newspaper article.