cityworker
Registered User
- Messages
- 17
I just started Maternity Leave and all going well hope to take some unpaid leave and not return to work until Jan 2011.
My employer tops up my Maternity Benefit for 18 weeks so i get a full salary. I will also be paid for approx 8 weeks holidays.
My usual annual salary is €50k and i have worked out that my taxable income for 2010 will be approx €27 k
My husband earns €45k and pays BIK on company car so his taxable income is approx €52k
We are currently for tax purposes individually assessed as we both earn roughly the same and for that reason we just never notified the reveneue that we are married.
i see from the revenues website that if i notify them before 31/03 i can elect how we want our tax credits shared.
Just wondering if I am better to transfer my tax credits to my husband or wait until the end of the year and claim back the tax then.
If i transfer my credits to my husband now will I be paying more tax on the money that I am earning during the year.
Just wondering what other people have done in similar circumstances.
Thanks
My employer tops up my Maternity Benefit for 18 weeks so i get a full salary. I will also be paid for approx 8 weeks holidays.
My usual annual salary is €50k and i have worked out that my taxable income for 2010 will be approx €27 k
My husband earns €45k and pays BIK on company car so his taxable income is approx €52k
We are currently for tax purposes individually assessed as we both earn roughly the same and for that reason we just never notified the reveneue that we are married.
i see from the revenues website that if i notify them before 31/03 i can elect how we want our tax credits shared.
Just wondering if I am better to transfer my tax credits to my husband or wait until the end of the year and claim back the tax then.
If i transfer my credits to my husband now will I be paying more tax on the money that I am earning during the year.
Just wondering what other people have done in similar circumstances.
Thanks