Question:
Am I entitled to her Tax credits for the 3 months when she is not working?
How do I go about setting this up?
Does it take long to implement this?
Can we keep our individual Income Tax assessment status?
Thanks
C.
Yes you are entitled to her tax credits for those 3 months but TBH it's not worth the hassle of contacting Revenue to do the transfer. It's worth about an extra €137.50 in your paypacket for each of the 3 months but if your wife is going back to work after her maternity leave is finished then she will get the benefit of those unused credits before the end of the year (ie - she will/should receive an extra €412.50 in her paypacket in Oct-2014) so the net effect will be NIL anyway.
In my experience you are at the mercy of Revenue and 2 different employers when you start messing with tax credits in the middle of the year and more often than not one of them will screw up.
Yes you are entitled to her tax credits for those 3 months but TBH it's not worth the hassle of contacting Revenue to do the transfer. It's worth about an extra €137.50 in your paypacket for each of the 3 months but if your wife is going back to work after her maternity leave is finished then she will get the benefit of those unused credits before the end of the year (ie - she will/should receive an extra €412.50 in her paypacket in Oct-2014) so the net effect will be NIL anyway.
In my experience you are at the mercy of Revenue and 2 different employers when you start messing with tax credits in the middle of the year and more often than not one of them will screw up.
Anyone going to thank me for this? Anyone? ANYONE???
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?