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Salary Advancement - tax implications

Sea The Starz · 2013-08-14 16:48:32

Hi, What are the tax implications for a salary advancement. If I'm not going to use all my tax credits for this year, would it reduce my tax if I took the advancement this year to use up tax credits and in turn while reducing next years salary (tax), or does it not work that way? Any advice is appreciated. Thanks

14-08-2013 4:48pm

#1

Sea The Starz

Registered Users, Registered Users 2 Posts: 145 ✭✭

Join Date: October 2009

Posts: 123

Hi,

What are the tax implications for a salary advancement. If I'm not going to use all my tax credits for this year, would it reduce my tax if I took the advancement this year to use up tax credits and in turn while reducing next years salary (tax), or does it not work that way?

Any advice is appreciated. Thanks

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Comments

#2 14-08-2013 7:09pm

smcgiff

Closed Accounts Posts: 5,943 ✭✭✭

Join Date: January 2007

Posts: 5788

It makes sense if you can arrange it.

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