Form 11 Tax PAYE Credit

loseit

Hello I am in receipt of old age pension and my wife is in employment. I also have rental income, we are jointly assessed.
Are we both entitled to the PAYE Tax Credit of €1,650. ?

on revenue.ie it says - So as I receive a social welfare pension and my wife is receiving income from employment and tax is deducted at source, eg PAYE, Do we receive €3,300 paye tax credit ?
Who can Claim?

Any individual whose income is subject to PAYE i.e. Wages, Salaries, Occupational Pensions, Social Welfare Pensions, Benefit in Kind, etc.
PAYE Tax Credit

If you are in employment, tax on your income is deducted by your employer on behalf of the Revenue Commissioners. This system of deduction is known as the Pay As You Earn (PAYE) system. All PAYE taxpayers are entitled to a tax credit known as the PAYE Tax Credit. This is worth €1,650 in 2013. If you are married and taxed under joint assessment, then you and your spouse may both claim the PAYE Tax Credit.

Boards.ie: Niamh

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loseit

Hello Can someone please clarify, if a person is entitled to claim a PAYE Tax credit if they are in receipt of an old age social pension ? thank you

Alan Shore

You are entitled to the PAYE Cr on relation to a pension receivable by you. If the pension is the husbands but the dependant adult is paid to the wife then only one Cr is allowed.

loseit

Thank you , a point of clarification please
Husband in receipt of old age pension
Wife in receipt of salary in employment, tax deduced under PAYE

Both assessed for tax under joint assessment with husband and the main earner.

Do 2 PAYE credits apply of €1,650 each ? thank you

Howjoe1

loseit wrote: »

Thank you , a point of clarification please
Husband in receipt of old age pension
Wife in receipt of salary in employment, tax deduced under PAYE

Both assessed for tax under joint assessment with husband and the main earner.

Do 2 PAYE credits apply of €1,650 each ? thank you

YES.

loseit

Thank you all for your clarification and confirmation.

barneystinson

If your only incomes are pension / PAYE then you shouldn't be filing a Form 11 anyway....

loseit

Hello - There is also rental income to be included. thank you

Howjoe1

Tax Credits entitlement:

Married Credit: €3,300
PAYE Credits: €3,300
*Age Credit: €490
(* due if one of you are 65 or over, which I assume might be the case based on SW Pension).

A lot of taxpayer's whose primary source of income is PAYE income and have other income such as a rental property, are still dealt with under PAYE.

So it's possible to have to submit a Form 12 as opposed to a Form 11. The level of rental income v PAYE helps determine.