Just got married. Do we pay less tax?

MANUTD99

Hi All,

Recently just got married. Logged onto my online PAYE to see if I could update my details from single to married but can't see where to do it.

Any ideas where I can go about changing this?

Also what tax changes would myself and my see (if any) now that we are married?

Both on fairly low salary. Myself would be on 27.5k and herself on 25.5k per annum

Thanks in advance

Stheno

MANUTD99 wrote: »

Hi All,

Recently just got married. Logged onto my online PAYE to see if I could update my details from single to married but can't see where to do it.

Any ideas where I can go about changing this?

Also what tax changes would myself and my see (if any) now that we are married?

Both on fairly low salary. Myself would be on 27.5k and herself on 25.5k per annum

Thanks in advance

No difference whatsoever, you will pay the same tax as you did before.

It's only if one partner is on 41% and the other on 20% PAYE that there is an advantage for married couples.

Sorry to be the bearer of bad news.

MANUTD99

Stheno wrote: »

No difference whatsoever, you will pay the same tax as you did before.

It's only if one partner is on 41% and the other on 20% PAYE that there is an advantage for married couples.

Sorry to be the bearer of bad news.

Ah well not surprising that the state again look after the higher earners

Uriel.

MANUTD99 wrote: »

Ah well not surprising that the state again look after the higher earners

The higher earners who contribute more in taxes, do you mean?

womandriver

MANUTD99 wrote: »

Ah well not surprising that the state again look after the higher earners

Your income is taxable at the standard rate anyway, in what way do think you could be "looked after"? It actually benefits couples with one low earner, not couples who are both high earners. There seems to be a lot of misconceptions about this. And there's no tax credits for getting married or having babies, which seems to be another one people get confused about.

Mr. Incognito

You send in a copy of your marriage cert to your local district and ask for joint assessment.

You will get a married rate band which saves tax if you are both earning less than 50k odd.

Worth doing in your circumstances

SCOOP 64

MANUTD99 wrote: »

Both on fairly low salary. Myself would be on 27.5k and herself on 25.5k per annum

Thanks in advance

Thats not that bad a wage these days.

namenotavailablE

You will get a married rate band which saves tax if you are both earning less than 50k odd.

I don't think this point applies in the particular circumstances outlined by the OP.

Based on the individual incomes of €27500 and €25500 they won't be able to benefit from any transfer of the €9000 available to dual income married couples. Each will have a SRCOP equal to their respective incomes. The remainder is unused so there is no tax saving between being treated as single or married as far as I can see.
However, as was pointed out earlier, if one person was currently paying tax at 41% then a saving is possible- given that each income is below the SRCOP of €32800 it is clear that neither is paying tax at 41%.

T1977

You should submit this form to Revenue to let them know you are married http://www.revenue.ie/en/tax/it/forms/assessable-spouse-election-form.pdf

MANUTD99

T1977 wrote: »

You should submit this form to Revenue to let them know you are married http://www.revenue.ie/en/tax/it/forms/assessable-spouse-election-form.pdf

Thanks for that. What figure should I put in where it says tax credits and standard tax band?

Alan Shore

@namenotavailabl has hit the nail on the head as neither of you are paying tax at the higher rate being married has no benefit from an income tax viewpoint.

You can continue to allocate tax credits evenly for the moment.

T1977

You can tick the second box because as has been stated above ye are both on salaries between the SRCOP of 32800 so the transferable credits will really have no effect on ye.