He added: “This last point is important because, for individuals born before that date, there is instead (confusingly!) a Married Couples Allowance which is typically more generous.”
Despite the potential savings, it’s estimated that many couples may well be missing out, as Kay Ingram, Director of Public Policy at LEBC Group, explained.
“HMRC estimate that there could be more than a million couples eligible for this tax allowance who have not yet claimed it,” Ms Ingram told Express.co.uk.
“Many more may become eligible if as a result of furlough or redundancy their incomes fall.”