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Practical and financial advice as you start a new chapter in your life.
It’s worth considering what getting married means for you as your lives come together.
Talking openly about finances is important. It’s good to get an understanding of your different views towards budgeting, spending and debts. Being open about these things can reduce the risk of conflict and help you make better decisions together.
We’ve worked with MoneyHelper to support you and your partner to have important and useful conversations about money.
We also have some tools and information as you start to plan your big day.
It’s important to talk about money. Think about the management of your daily finances and the plan for your long-term goals.
We have some useful links that will help you if you need to update your personal details or are thinking about setting up a joint account.
As you start your married life together, there are a few things that you may want to think about. For example, telling HMRC about your change in personal circumstances. Letting HMRC know about your new marital status will make sure you are taxed correctly.
It may be worth considering life insurance if you don’t already have it. This can be important if your children, partner or other relatives depend on you financially.
If you already have a life insurance policy or pension, you may want to update your beneficiary details to include your new spouse.
Getting married may also have an effect on your credit score. Marriage alone won’t change your credit file but being ‘financially associated’ will. This is when you share finances, such as a mortgage, bank account or loan.
We have more information to help you understand your financial future together.
By your side through life’s key moments.