Hi All,
My wife and I both work full time and earn approximately the same.
We are in the highest income tax bracket.
We were married in 2004.
We never informed Revenue of this and have always been individually assessed for Income Tax.
My wife had a baby in Jan 2014.
Her company pays 22 weeks maternity leave consisting of of her full salary minus the DSFA Maternity Benefit top up, which she also receives.
The DSFA top up ends after 6 months/ 26 weeks.
She would like to take an additional 3 months off of work unpaid.
We are trying to figure out how to finance this lack of income.
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.
My wife and I both work full time and earn approximately the same.
We are in the highest income tax bracket.
We were married in 2004.
We never informed Revenue of this and have always been individually assessed for Income Tax.
My wife had a baby in Jan 2014.
Her company pays 22 weeks maternity leave consisting of of her full salary minus the DSFA Maternity Benefit top up, which she also receives.
The DSFA top up ends after 6 months/ 26 weeks.
She would like to take an additional 3 months off of work unpaid.
We are trying to figure out how to finance this lack of income.
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.