The myths leaving unmarried couples financially exposed

Helping clients bust the so-called ‘common law marriage’ myth

clock • 5 min read

Andy Woollon explains how advisers can help couples who choose not to walk down the aisle escape the unmarried tax trap...

Marriage rates fell to their lowest level on record in 2020, and with divorce rates also rising, it's no surprise that unmarried cohabiting couples were the fastest-growing family type over the last decade. But while many of these couples believe they have similar, if not identical, legal rights to married couples, the truth is far more complicated. As a result, tens of thousands could be unknowingly exposing themselves to higher tax bills. The common law marriage myth There is no single, legal, definition of cohabitation in the UK. In England and Wales, it is defined differently de...

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