December 2nd, 2019

The Jonathan Ford & Co Advent Calendar – Day 2

 

Over the course of the festive season we’ll be bringing you an advent calendar’s worth of tax and financial tips.  Some of them might even be a little Christmassy!  On day 2, something for all the lovers out there…

The Marriage Allowance

August is the most popular month for UK couples to tie the knot so what better gift could you give for your first Christmas as spouses (or civil partners) than 10% of your unused personal allowance?

Provided your total income is no more than £11,250 and your spouse’s income is no more than £50,000 then you can give them up to £1,250 of your personal allowance.  This mini-return to the joint taxation of spouses will reduce the household tax bill by £250.

You have to make the claim to HMRC directly but the extra effort will be worth it when you see the look in your other half’s eyes when you present the HMRC confirmation letter to them on Christmas morning!

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Director

John manages a wide portfolio of owner managed businesses and oversees the smooth operation of the firm’s payroll department.

After obtaining his degree in mathematics from the University of Liverpool, John joined Jonathan Ford & Co in 2004 and qualified as a chartered accountant four years later. John likes to keep abreast of developments in tax and accounting and is responsible for the mentoring of junior staff.

Outside of work, John enjoys keeping fit and is a Liverpool FC season ticket holder.

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