Married Couple-Jointly Assessed & Thinking of Going Single Assessment

[A2fan]

As above - civil servant & self-employed - income thresholds exceed standard rate band so as result would be paying tax at marginal rate......is there any advantage to going single assessment and must application be made before end of March?
Currently the civil servant has all the tax credits so self-employed pays all tax at marginal rate
Any advice appreciated

 

[mandelbrot]

Conventional wisdom (derived from the Constitutional imperative to protect the institution of marriage) is that you can't be worse off jointly assessed. However you certainly could be worse off under single assessment if, for example, the self-employed spouse's income took a hit...

 

[Dinarius]

You guys read my mind! I was about to ask that very question!

I'm the self-employed, wife's a civil-servant.

So, stay self-assessed then, particularly in this year when I'm definitely going to take a hit. Correct?

Thanks.

D.

 

[Dinarius]

I've just realized that I may have caused confusion in the above post.

As I wrote, I'm the self-employed one and this year I'm definitely going to take a hit. So, we should stay jointly assessed and NOT self-assessed, as I wrote above?

Correct?

Thanks.

D.