TOP TRENDING

Marriage tax break should increase tenfold to £ 2,500 per year, according to the think tank


According to the think tank, the marriage tax break should be increased ten times to £ 2,500 per year to reward spouses who stay home

  • Married couples earning less than £ 12,500 can pass part of the allowance on to their spouse
  • Think Tank Onward would like to increase this threshold to cover the entire £ 12,500 personal allowance
  • Changes would "recognize families rather than just individuals in the tax system"

The marriage tax allowance should be increased tenfold to reward staying-at-home and part-time spouses with caring responsibilities, according to a think tank.

A married person earning less than the income tax threshold of £ 12,500 can transfer £ 1,250 of their personal allowance to their spouse, reducing their tax burden by up to £ 250 per year.

One report went on to say that the policy should be topped up to cover the full £ 12,500 – and save up to £ 2,500.

"This would recognize families and not just individuals through the tax system," it said.

The marriage tax break should be increased tenfold to reward resident and part-time spouses with caring responsibilities, according to think tank Onward

The report also calls for a civic service system to be put in place to enable unemployed young people to do paid internships with a charity or social enterprise.

According to the proposals, young people could receive the national minimum wage to plant trees or help migrants learn English.

The report also suggests giving workers the opportunity to take a year of their retirement early to take a "civic sabbatical" to volunteer in the community.

Will Tanner, director of the think tank Onward, said, "We need to take steps to empower and recapitalize communities."

Will Tanner, director of the think tank Onward, said, "We need to take steps to empower and recapitalize communities."

Will Tanner, director of Onward, said, “If we come out of the pandemic, we don't just have to revive a flatlining economy.

"We need to take steps to empower and recapitalize communities, restore a sense of belonging to people, and revitalize the social networks and institutions we all rely on."

The report was supported by a dozen Tory MPs as well as Jon Cruddas from Labor.

Other proposals include giving councils the right to take over green spaces, sports facilities, and community centers, as well as offering renters discounted land to build their own homes.

The marriage tax break was introduced in 2015 by David Cameron.

advertising