At the end of the day, or the month, or even the year… we all want more money! Everything seems to be getting more expensive and let’s face it, we’re not going to win the lottery anytime soon. And, on the run-up to Christmas, people are scrimping and saving for the expensive holiday season.

But, could you be missing out on some money that you’re actually entitled to? Well, here are the official ways HMRC can save you money…

Marriage Allowance.

You could save £238 a year if you are married or have a civil partnership. Yep, all you need to do is apply for Marriage Allowance and you’d be able to transfer £1,190 of your personal allowance to your partner.

It’s easy to apply for and you can claim it whenever you want in the tax year, you’ll still get your full entitlement.

Help To Save.

If saving money is something that’s tough on your earnings then a ‘Help to Save’ scheme could work out great. This is where savers are rewarded with an extra 50p for every £1 they save.

That means if you save the maximum £2,400 over four years, you could be entitled to a bonus of £1,200. One for the apprentices on lower wages maybe?

Tax-Free Childcare.

You can get tax free childcare if you are a parent and your child is under the age of 12. Or, if your child is disabled, this tax-free care could apply up to the age of seventeen. It is available to billions of households and is perfect if both parents need to go back to work.

With this one, for every £8 that is paid in by the parent, the Government will also top this up with an additional £2. This is up to a value of £2,000 a year. And £4,000 for disabled children.

Work Related Expenses.

Working in construction, you guys can claim back so much money on stuff like your business travel, subscriptions, fees, uniforms and tools. There’s so much.

So, have a dig around to see if there’s anything related to your work you can claim back on.

First Time Buyers Relief.

If you’re looking to purchase your first property, you can apply for first-time buyers relief which means you won’t need to pay any stamp duty on your first home. This is as long as the house is below the amount of £300,000 (outside of London) or £500,000 (inside of London).

This does only apply in England, Northern Ireland and Wales too but could definitely help with all the costs associated with buying your first home.

So what do you think? Could you save any money with some of these? Let us know in the comments below!


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