If she were not to find/resume employment, would she still be eligible for some sort of tax credit that could be transferred to myself, as all her tax credits are currently? (Not that that would outweigh the 'post-individualisation' benefits to us of her going back to work, I know...)In order to qualify for the incentive, the following criteria will now apply:
- Your income must not exceed €50,000 in the year prior to the year in which the SSIA matures;
- You cannot claim tax relief, under normal tax rules, for SSIA amounts up to and including €7,500 reinvested in an approved pension product;
- You cannot use this incentive to replace any amounts you are already committed to contribute to a pension product.
I take it from the use of 'housewife' in the OP's title that his wife is not in paid employment, which has been my own wife's case for the past 10 years or so
The pension is in your name not your wifes nameIf you are paying tax at 42% then it may be worth taking the SSIA and investing it in a pension scheme to avail of the 42% tax relief. The transfer of the SSIA to a pension is worth 33%.
If she were not to find/resume employment, would she still be eligible for some sort of tax credit that could be transferred to myself, as all her tax credits are currently?