Joint assessment but circumstances may change

[dockingtrade]

Hi,
I was due to be made redundant at the end of this month.
Myself & and wife were assessed as single people as we earned an amount each that it never made a difference to opt for joint assessment.
So becasue of redundancy I wrote a letter to revenue opting for joint joint assessment next year.

I dont whether this is correct or not but i said to split everything as if i were on JS approx 200 pw.

Anyway Im been kept on until the end of feb.

Does this mean after 200 pw I will be taxed at 41%.
I should be able to earn 27k ish at 20% over the year?

Do I need to contact revenue saying i ll be on x for the 1st 2 months and then go joint.

or can I just balance this out (rebate) at the end of the year?

Also can you use the unused credits from the disqualifaction period for sw 9 weeks at the end of the year.


thanks

 

[huskerdu]

In opting of joint assessment, who did you nominate as the assessable spouse, presumably your wife ? You should check your cert of tax credits to see where
your tax credits have been allocated.

If so, you will be taxed heavily for Jan, Feb as you say, but your wife will get the benefit of your tax credits, so your family income should not drop, I think.

As you say, an overpayment can be claimed back at the end of the year.

 

[dockingtrade]

wife is assessable. Thanks for the info , just wanted verifcation.