Put a ring on it?

Kelly Sizer and Tom Henderson consider the tax status of coupledom, and how it can affect income, allowances and benefits

The coronavirus pandemic sadly forced many couples to cancel, delay or significantly scale back their wedding plans. But how many have spent the extra time considering in detail some of the tax consequences of their decision to get married (or to enter into civil partnership)? It would hardly be most people’s first thought when planning nuptials! 

In the Low Incomes Tax Reform Group’s (LITRG) work, we see some of the problems that couples encounter with the tax and benefits systems. This is not helped by the fact that there are different rules to get to grips with.