pebbledash
Registered User
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- 104
I know that married couples can share tax credits where a cohabiting couple can't.
If one person is on jobseeker's benefit and one is on a salary of 45k, could anyone tell me what saving could be made by marrying? Or point me towards info where I could work it out?
Is the saving only to be made on income tax only, or can husband/wife also claim relief if they are paying for their spouse's education, dentistry etc..
Any info appreciated.
I know that married couples can share tax credits where a cohabiting couple can't.
could anyone tell me what saving could be made by marrying?
Pebbledash, When we got married, we had NO money. It was 1984 when interest rates where through the roof. We bought an old (unheated) house with metal windows that were so well vented we had to put cardboard up at night to help keep us warm. I learned to cook 6 different meals with mince meat. On the 7th day we went to my parents for heat and dinner. Hard times but Good times.
I agree with you when you say you feel sorry for couples who may split due to the recession. Most young couples have never had the experience of having NO money and therefore cannot cope without it. We are now beginning to feel a little pinch but know what measures to take to ensure we are still managing. Been there, done that etc.
Best of luck to you both on your decision making. Hope we are still around and AAM is still here in 25 years for you to tell me of you Silver Anniversary celebrations. We had ours this year!!
The "earning" spouse should benefit from an increase in the Standard Rate Cut-off Point of €8,600 (i.e. from €36,400 to €45,000)... In monetary terms, the benefit would be €1,806 (i.e. 21% of €8,600).
A tiny correction needed here- the SRCOP for a married couple is €45400 rather than €45000, so the benefit would be 21% of €9000 ie €1890
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