Martin Lewis warns Brits to claim £2k government bonus before April deadline03/20/2021
Money saving expert Martin Lewis has warned many Brits not to miss out on tax refunds and government bonuses, which have an April 6th deadline.
Martin sent the urgent warning on his ITV programme The Martin Lewis Money Show.
During the segment, he explained how to cash in on end-of-year tax rewards, which can benefit married couples, first time buyers, people working from home, and those with savings in the bank.
The money expert said: "Right now, on many things, you can go back to the 2016/17 tax year but in three weeks' time, on 6th April, you'll only be able to go back to the 2017/18 tax year.
"That means, if you don't do something quick, you risk missing out."
If you got married in the 2016/17 tax year, you can claim a £250 refund. Marriage tax allowance allows people with an income of £12,500 or less to transfer up to £1,250 of their Personal Allowance to their spouse, if their income is higher.
Martin said this can be backdated for four years, but is your last chance to claim for the 2016/17 tax year.
You can also claim tax relief of up to £125 if you have been working from home.
An employer can pay you £6 more per week tax-free to cover expenses. For a basic-rate tax payer, this can be as much as £60, or £125 for a higher-rate tax payer.
"This is in the form of work from home tax relief – and it applies even if you've worked just one day from home in the past 12 months," Martin added.
If an employer doesn't pay for the uniform you're required to wear at work, people can also claim £60 in total due to the uniform tax rebate.
Basic-rate taxpayers can claim 20%, which which works out to £12 per year, while higher-rate tax payers are able to claim £24.
Those who are pilots, cabin crew, in the army, RAF, or the Royal Marines should be able to claim more.
Martin continued: "If you wash the uniform yourself, you could get up £60 back in the form of a uniform tax break if you backdate it for the full four years."
Like what you see? Then fill your boots…
Want to bring a little glamour to your life every day with all the most exciting real-life stories, fashion and even sex tips HOT off the press?
Well, we've got you covered with our great new Hot Topics newsletter – it'll drop straight into your inbox around 7pm and you can unsubscribe whenever you like.
And signing up now means you'll get a front row seat for our great new series inside the lives of the next generation of Daily Star Page 3 girls.
You can sign up here – you won't regret it…
You could also be eligible for a discount or refund on your council tax, especially for those who live alone or are a student.
People under 40 can also get a £1000 government bonus through a lifetime ISA account. If you use the savings towards your first home, or retirement, you should be eligible.
This account must be open for a year, as Martin told parents: "If you're a parent and your child is hoping to buy a home one day – possibly in the next few years – open one now, you only need £1 to get started."
The TV licence fee is increasing by £1.50 next year, however some over-75s don't have to pay it at all.
If you claim pension credit, you are entitled to a free licence.
Source: Read Full Article