Miyerkules, Pebrero 15, 2017

Marriage Isn't All Expenses: These Three Prove It



Many remain single for reasons not because they are loveless or unlovable -- as many would say. Some just choose to be single because the economy and employment situation across the world is in dire shape. But these three reasons prove that marriage -- well-avoided for possible financial disasters -- still has plenty of fiscal merit.


Tax Breaks

According to Express UK, the UK's Marriage Allowance allows couples to save up to £220 annually and even support the lower earner with a £1,100 cap transfer annually -- if the lower earner has an income of less than £11,000. Tax breaks are pretty useful and £220-£1,100 is not bad an amount at all.

No IHT

Marriage in the United Kingdom also doubles the IHT allowance to £650,000 from £325,000 individually according to Express. Also, couples owning properties valued at about £600,000 do not need to pay additional IHT at all. If they were single and owned the same property, they would be paying back £110,000.

Pensions

Marriage also guarantees the partner receives the pension benefits of the married husband or wife should anything happen to them. Cohabitation makes pensions an entirely troubling scenario for the partner who is not legally entitled to claim any benefits under the name of the husband or wife.

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