Does it pay to get hitched?
The number of over-16s married or in a civil partnership has dropped below 50% for the first time, according to the Office for National Statistics. Soaring wedding costs may be one of the reasons, but tying the knot does come with financial benefits and could save you hundreds in taxes. So, is marriage worth it?
HIGHER SAVINGS, HIGHER RETURNS
Every tax year (6 to 5 April), you’re entitled to a tax-free savings allowance of £20,000 via an ISA. You don’t have to pay tax on it or the returns you make from it. As
