All you need is love (and financial planning)

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During a month filled with romance and proposals, it is appropriate to think about what couples should be considering in financial planning terms, writes Clare Moffat, technical manager at Prudential...

There are still some advantages to being married, or in a civil partnership. Married couples' allowance This does still exist for couples who are married or in a civil partnership if one of the parties was born before 6 April 1935. The tax saving for 2012/13 is a minimum of £296 and a maximum of £770.50. That does mean that one of the parties will be 77 this year but the other could be 21! Paying into a spouse's pension If an individual has enhanced or fixed protection, or they have reached the annual allowance (with no carry forward available), then paying into a spouse's pension...

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