Yes.My question is with my wife's wages so high is it much of a benefit to the house hold income me going back to work on paye or even staying self employed .
13 hours away from home for 100 euro a day? I know people do it, but it sounds like you don't have to.Leaving the house at 5 am home at 6 pm.
Thank you for your answer. But would I be right in saying because of the 70k cut off point apart from my own credits and as we're joint would the extra income I bring in not be charged at the higher rate as in I know I won't be myself but more of my wife's wages will be. House hold income 135000 v 100000 as a house hold would we really be better of 500 by me working or would it be a case I bring home 500 a week put my wife pays more tax.Yes.
Because of individualisation, you can earn 26,300 at 20% tax rate. You can also claim your PAYE tax credit which is not transferrable. The USC is calculated for you on your income. And you start building your own PRSI contributions. And you'll have income to start contributing to a pension in your own name.
That's just the financial aspects.
There is a good tax calculator on the Deloitte website http://services.deloitte.ie/tc/
So would I be right in saying that 9 k extra would mean if my wage is 35000 _9 is 26000. So by going to work our house is down 26000 a year.@colm2005
If you're not working, your spouse can only use 9k of your lower rate band (i.e. their lower rate band increases to 44,300 instead of 35,300 that a single person would have).
So, as a couple there's 26,300 lower rate band not being used.
The 70k cutoff that mentioned only happens when you're both earning at least 26,300
No, no. I've obviously explained it very badly!So would I be right in saying that 9 k extra would mean if my wage is 35000 _9 is 26000. So by going to work our house is down 26000 a year.
But you don't currently have 70k.I earn about 10 k a year. Am I better staying the way I am. As in do we get to keep the 70 k before higher tax
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