Combined Tax Credit (Husband & Wife) or Individual Tax Credit

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I am working in a local authority and my wife is working in healthcare. My salary is around 42,000 euro and my wife's salary is about 52,000 euro. My wife is getting the full tax credit. Most of the bills are paid from my wife's bank account.

My HR suggested to have individual tax credit instead of my wife getting the full credit. If I do this would there be any savings in tax or at the end of the day is it, the same total income for the family?

Any other adjustments to lower the total tax paid? Should I get help from a Tax Consultant?

 

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If I do this would there be any savings in tax or at the end of the day is it, the same total income for the family?

You've got it exactly. As a family, in you circumstances, it's exactly the same, just the split between you is different.