Hi,
I hope someone can help me determine the best approach for tax while I'm on maternity leave.
Up to the end of May , I earned €55500 (including a €20000 bonus). My annual gross salary is €90000 (excluding bonus). I am now on maternity leave and am not being paid by my employer. My maternity benefit will be taxed from July 2013. My husband earns €33000 per year. We are jointly assessed.
Currently I have all transferable tax credits. Does it now make sense to transfer the tax credits to my husband? Do I need to do anything with the standard rate cut off point?
Thanks, Triona
I hope someone can help me determine the best approach for tax while I'm on maternity leave.
Up to the end of May , I earned €55500 (including a €20000 bonus). My annual gross salary is €90000 (excluding bonus). I am now on maternity leave and am not being paid by my employer. My maternity benefit will be taxed from July 2013. My husband earns €33000 per year. We are jointly assessed.
Currently I have all transferable tax credits. Does it now make sense to transfer the tax credits to my husband? Do I need to do anything with the standard rate cut off point?
Thanks, Triona