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Married couples to be offered tax breaks before next election

Your Money
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Your Money
Posted:
Updated:
25/06/2013

Tax breaks worth up to £150 to married couples will be written into law by David Cameron before the next election, a Treasury minister has promised.

David Gauke gave a “firm commitment” to help married couples within the next two years, amid growing unrest among Tory MPs about the lack of support for traditional families, the Telegraph reports.

He moved to reassure colleagues because George Osborne’s Spending Review on Wednesday is unlikely to contain any giveaways to support married couples or stay-at-home mothers.

Conservative MPs expressed relief that the Prime Minister was still committed to honouring his manifesto pledge to bring in the tax breaks, but urged him to name the date on which couples will actually start saving money.

A senior Government source said that “all options are open” but the most likely date for its introduction is April 2015, which would be during the next general election campaign.

However, the source said it was still possible that ministers could legislate for the change in this parliament and delay its implementation.

Under the plan, wives or husbands who do not work would be able to transfer part of their tax-free allowance to their spouse if their partner earned less than the basic rate of tax, currently set at £34,370 a year.


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