I have recently reached the age of 66 and qualify for the state pension. I have also recently started receiving a pension from my former employer that I worked for, over 10 years ago.
My combined income from these is circa €32,500. My wife is on illness benefit of circa €10k.
We are jointly assessed for tax.
Up to this we were not paying tax as I had nil income and she was on illness benefit. As we are now back paying tax I have a few questions.
When I started receiving my pensions I was put on Emergency Tax. As a result a large amount of tax was taken from me. I thought that did would sort itself out over a few months but it seems I am on what is known as a Week 1 for tax purposes.
I rang the tax office and I was told that I should remain on a Week 1. I am not sure why this would be the case. Any ideas?
It seems that in order to get back my over payment of tax I have to wait until the end of the year, complete a form and wait for a refund. Can I not get this back now by moving from a Week 1 basis?
When should I submit my Form 11. Back in the day it was after April 5th?
Thanks
My combined income from these is circa €32,500. My wife is on illness benefit of circa €10k.
We are jointly assessed for tax.
Up to this we were not paying tax as I had nil income and she was on illness benefit. As we are now back paying tax I have a few questions.
When I started receiving my pensions I was put on Emergency Tax. As a result a large amount of tax was taken from me. I thought that did would sort itself out over a few months but it seems I am on what is known as a Week 1 for tax purposes.
I rang the tax office and I was told that I should remain on a Week 1. I am not sure why this would be the case. Any ideas?
It seems that in order to get back my over payment of tax I have to wait until the end of the year, complete a form and wait for a refund. Can I not get this back now by moving from a Week 1 basis?
When should I submit my Form 11. Back in the day it was after April 5th?
Thanks