How much of my Wifes Tax Credits can I take

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goose

Registered User
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Hi,

My Wife earns 11K, I earn 60K, how much of my wifes tax credits & rate bands am I allowed take?

thanks in advance.
 
Tax credits- you can claim everything except her PAYE credit.
Cut-off- you can claim a cut-off of €41800 while she can claim €11000.

You might be interested in downloading my spreadsheet tax calculator to evaluate the impact of this.
 
goose said:
Hi,

My Wife earns 11K, I earn 60K, how much of my wifes tax credits & rate bands am I allowed take?

thanks in advance.
Click to expand...

Ahh, now I see your question! You could've just edited your other thread you know..! :p

Anyway, the answer is that you can have up to €43,812 at the standard rate, leaving her with 23,800 (9k is the most that can be transferred between spouses).

As regards tax credits (assuming she doesn't want to pay tax on her 11k) she needs to have 2,200 of tax credits to cover her 11k of income, and you can take whatever is left: in a "normal" case of a married couple both in ordinary PAYE employment this would be 4,400 (possibly more if there are any other credits, such as rent, service charges, incapacitated child etc...)
 
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