The Bishop of St Albans received the following written answer on 19th December 2022:
The Lord Bishop of St Albans asked His Majesty’s Government:
- what plans they have to increase the marriage tax allowance.
- what recent assessment they have made of the effectiveness of the current rate of marriage tax allowance in supporting couples financially.
- what financial assistance they are providing to couples who (1) are getting married, or (2) have recently married.
Lord Harlech (Con): The Marriage Allowance (MA) is designed to recognise marriage, and the commitment it entails, in the tax system. The MA is targeted at married couples and civil partners where one partner earns below the Personal Allowance (PA) and the other is a basic rate taxpayer. In 2022-23 the MA is £1,260 and is worth up to £252 per year.
The transferable amount has been fixed at 10 per cent of the Personal Allowance since it was introduced in 2015. Setting the value of the allowance considerably higher would increase the cost and the Government must ensure the tax system supports strong public finances.
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