Should you and your partner have a pre-nuptial agreement? Why more couples are taking out pre-nups
Most couples don't have pre-nuptial agreements but the numbers are rising. They're not yet legally binding so are they worth it?
When you decide to get married, sorting out a pre-nuptial agreement is unlikely to be top of your list. But an increasing number of couples are getting them. Pre-nuptial agreements aren’t legally binding in England and Wales (although they are in Scotland), but the divorce courts still take what’s written on them into account. Today (27th Feb), the Law Commission recommended pre-nups are given legal status.
Marriage second time around, how to manage your money.
If you’re getting married for the second time your finances are likely to be more complicated. Make sure you get the basics right.
It may be a second marriage for one or both of you, but it’s the first time you'll have made a legal commitment to each other and it's the start of a new life together. This time round you’re probably a little older and a lot wiser; you know yourself better and understand where you’re prepared to compromise and where you won’t. You’re also likely to be wealthier in your own right and that means you have to think about how getting married may affect your finances.
The planned married couples’ tax break: how would it work?
The government says it plans to give 4 million married couples a tax allowance of up to £200.
David Cameron confirmed that the marriage tax allowance (as it's called in the announcement), which was part of the coalition agreement, will be introduced from April 2015. The tax allowance will be for married couples and civil partners where one partner either doesn’t work or earns less than the personal tax allowance (which will be over £10,000 by 2015). It will be worth just under £4 a week to 4 million couples.