Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

What happens to tax credits if I start work in March?

  • 11-03-2008 5:24pm
    #1
    Glowing
    Registered Users, Registered Users 2 Posts: 2,851 ✭✭✭


    Hi there,

    As the title says, what happens to my tax credits if I start work in March, not having worked for Jan or Feb? Are the years allowance divided between the remaining months or what?

    Thanks for reading!


Comments

  • #2
    Spud83
    Closed Accounts Posts: 9,608 ✭✭✭Spud83


    Glowing wrote: »
    Hi there,

    As the title says, what happens to my tax credits if I start work in March, not having worked for Jan or Feb? Are the years allowance divided between the remaining months or what?

    Thanks for reading!

    As far as i know they will be added to your tax credits for your first months wage. If you still have soem left over they will be carried to your next months.

    So lets say its 12 a month

    12 + 12 = 24 (Jan + Feb)

    You work march and use 30 tax credits

    12 + 12 + 12 = 36 (JAn + Feb + March)

    36 - 30 = 6 (What you have - minus what you use)

    April you will have 18 tax credits (12 +6)

    Thats my understanding anyway.


  • #3
    Glowing
    Registered Users, Registered Users 2 Posts: 2,851 ✭✭✭Glowing


    Thats cleared things up perfectly! Thanks a lot :)


Advertisement