recent retired Tax credit questions

H

holidayqueen

Registered User
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93
Hi
My husband has just retired and is receiving the payment for over 65's, he will be claiming the full state pension in the next few weeks.
He will also be getting a private pension payment with a lump sum of €30k and approx €60 weekly in addition to the state pension.
We also have rental income of 21K a year gross.
I am still working,I earn €36 K per annum and my yearly tax credit is currently 1,750 a weekly credit of €33.
I want to move as much of the tax credit as possible to me. How much tax credit should I leave him to cover his share of the rental income and other bits.
Thanks
 
How are you you being assessed?
  • Joint assessment
  • Separate assessment
  • Separate treatment
 
Hi Thanks for that. I thought we each needed to keep some tax credits for our individual incomes even though we are jointly assesed.
We do a tax return at the end of the year to include our rental income. but we do get that done by someone who understands the tax better that we do. Thanks for the link I will check that out.
I just wanted to make sure that if we needed to make any changes due to his retirement that we were aware what we should do
 
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