What are your rights if you live with your partner? What to think about before you move in.
Many cohabiting couples don’t realise how few rights they have when they live together. Make sure you understand yours.
Many couples who live together assume they have far more rights than they do. The phrase ‘common law wife’ doesn’t exactly help as it implies you have some status – and therefore protection by law – simply because you live together. However, the reality is that you don’t (the law does give some protection to cohabiting couples in Scotland but it's still limited). No one wants to draw up a business contract at the start of a new phase in a romantic relationship but it’s worth – at the very least - thinking about how living together could 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.
When money is tight it’s easy to argue with your partner over the finances. But talking isn’t impossible.
Do you and your partner find it hard to talk about your finances? If so, try these tips.
Many couples manage their money without endless arguments but for some, talking about money without it turning into a row is almost impossible. Even if you and your partner don’t argue you may find it hard to talk about money (one study carried out a few years ago found that as many as 75% of couples said money was hard to talk about). And while disagreements don’t have to lead to breakup or divorce, the relationship counselling service Relate says that rows about money are a major factor in many divorces.