Many people don’t realise they may be eligible for benefits or tax credits that will save them money.

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Here is a look at five money-saving tips suggested by Her Majesty’s Revenue and Customs (HMRC) to help you make the most of your finances.
Tip 1: Marriage Allowance
If you are married or in a civil partnership, applying for Marriage Allowance could save you up to £250 a year. If your partner earns less than you do, a Marriage Allowance reduces the amount of tax you pay by letting you transfer £1,250 of your personal allowance to them. It’s easy to apply for online.
Tip 2: First-Time Buyers’ Relief
We all know that getting onto the property ladder can be tough. However, help is now available to first-time buyers in the form of First-Time Buyers’ Relief. Applicable to any property purchases made after 22nd November 2017, first-time buyers will not have to pay any stamp duty on properties up to a value of £300,000 if you live outside of London or up to £500,000 on homes within London.

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Tip 3: Tax-free Childcare
Around 1.5 million households are estimated to be eligible to receive help with
the cost of registered childcare. Aimed at helping more parents be able to
work, parents or guardians with a child under the age of 12 could receive
tax-free childcare.
For every £8 that you pay into the scheme, the Government will top it up with
another £2, up to a maximum of £2,000 per child each year.
This benefit has been extended for children up to age 17 if they have a
disability, with the maximum allowance increased to £4,000 per child each year.
It’s worth seeking financial advice to make your money work harder.
Professional financial advisor software, such as Intelliflo financial advisor software, will help the
experts to help you.
Tip 4: Help to Save
This is a Government savings that which rewards those on a low income trying to
save. For every £1 saved, the Help to Save scheme adds another 50p. Savers can
save up to £2,400 over four years, which would be boosted by an additional
£1,200 from the Government.
Tip 5: Work-related expenses
It’s possible to claim tax relief on many work-related expenses, such as
uniform, tools, professional fees and business travel.