Hello
I need some financial advise as I am clueless when it comes to taxes.
I am currently on maternity leave and I have to decide very soon if I am going to take any unpaid leave. I was wondering if someone can explain to me how much more or less or exactly me and my husband are going to lose if I take all 16 weeks.
My gross salary is around 42k plus around 2k (gross) bonus.
My husband's salary is around 59k and 4k (gross) bonus.
We haven't applied yet for joint assessment, but we will soon. We got married in March 2014.
My questions are:
1. Does it matter if I transfer the ax credit to my husband or in any case I will get it when I go back to work?
2. How much is the tax credit if I get 16 weeks unpaid leave? I.e. how much more will my husband get on the months I will be on unpaid leave?
3. (maybe this falls under my work's policies) Will my pension contribution stop from my employer's side? Will they still take my pension contribution even if I don't get a salary?
4. If I want to have an accurate assessment of all this, where can I get it?
Many thanks
I need some financial advise as I am clueless when it comes to taxes.
I am currently on maternity leave and I have to decide very soon if I am going to take any unpaid leave. I was wondering if someone can explain to me how much more or less or exactly me and my husband are going to lose if I take all 16 weeks.
My gross salary is around 42k plus around 2k (gross) bonus.
My husband's salary is around 59k and 4k (gross) bonus.
We haven't applied yet for joint assessment, but we will soon. We got married in March 2014.
My questions are:
1. Does it matter if I transfer the ax credit to my husband or in any case I will get it when I go back to work?
2. How much is the tax credit if I get 16 weeks unpaid leave? I.e. how much more will my husband get on the months I will be on unpaid leave?
3. (maybe this falls under my work's policies) Will my pension contribution stop from my employer's side? Will they still take my pension contribution even if I don't get a salary?
4. If I want to have an accurate assessment of all this, where can I get it?
Many thanks