My wife and I have unusual circumstances.
Previously, I had my own limited company, through which I paid myself under PAYE.
My wife worked for the local VEC as a standard PAYE employee.
Early this year, I stopped working for my own company, and started working for another company as a PAYE employee.
My wife left her job and is now paid by my old company. We effectively switched roles.
My wife's income from my old company will be minimal (€10k). She would have earned YTD approx. €20 from the VEC.
I am trying to determine what my standard cut off rate should be in my new employment.
Should it be €32,800? €41,800? €65,600 (€41,800 + €23,800)
I know that at the end of the year I can do a return and that between us we will be entitled to a standard rate band of €65,600, but if I wanted to receive the extra benefit month on month, how would that be allocated?
Do I have to wait until year end and submit a joint assessment in order to benefit from the €23,800 extension in the band?
Previously, I had my own limited company, through which I paid myself under PAYE.
My wife worked for the local VEC as a standard PAYE employee.
Early this year, I stopped working for my own company, and started working for another company as a PAYE employee.
My wife left her job and is now paid by my old company. We effectively switched roles.
My wife's income from my old company will be minimal (€10k). She would have earned YTD approx. €20 from the VEC.
I am trying to determine what my standard cut off rate should be in my new employment.
Should it be €32,800? €41,800? €65,600 (€41,800 + €23,800)
I know that at the end of the year I can do a return and that between us we will be entitled to a standard rate band of €65,600, but if I wanted to receive the extra benefit month on month, how would that be allocated?
Do I have to wait until year end and submit a joint assessment in order to benefit from the €23,800 extension in the band?