Myself and my wife are both currently assessed for tax separately. Although my wife has been on maternity leave and has just started Parental leave. She goes back to work in Jan. And then I will go on Parental leave for 6 months.
Is there any benefit to us been assessed jointly for tax purposes. Would we be able to combine or use one another's tax credits to save some money?
There's no disadvantage, so it makes no sense whatsoever to forego a joint assessment entitlement that may bring benefits if or when circumstances change.