Just married, confused as hell

Tzardine

Hi all,

I am looking for some help / advice if you could.

I have just been married in July and am looking to sort out my tax situation. I called the revenue helpline and the woman was less than helpful. She said that she would send me the IT2 form and that all the information I needed would be in that. I received the form yesterday and I am even more confused now.

Very simply, I earn approx 45k and my wife 25k.

Could somebody please help me out with the figures I should put on the IT2 form. They are :

Tax Credits
Assessable Spouce
Spouse

Standard Rate Band
Assessable Spouse
Spouse

The revenue operator said I had to wait until January and send the form with P60's. Is this correct. The form / booklet does not mention this. Should I send them form now as it is ?

Any help is greatly appreciated.

relax carry on

Tzardine wrote: »

Hi all,

I am looking for some help / advice if you could.

I have just been married in July and am looking to sort out my tax situation. I called the revenue helpline and the woman was less than helpful. She said that she would send me the IT2 form and that all the information I needed would be in that. I received the form yesterday and I am even more confused now.

Very simply, I earn approx 45k and my wife 25k.

Could somebody please help me out with the figures I should put on the IT2 form. They are :

Tax Credits
Assessable Spouce
Spouse

Standard Rate Band
Assessable Spouse
Spouse

The revenue operator said I had to wait until January and send the form with P60's. Is this correct. The form / booklet does not mention this. Should I send them form now as it is ?

Any help is greatly appreciated.

In a hurry at the moment so I'll get back to you later. You will benefit a bit from opting for joint assessment but it wont impact you till next year. Plenty of time. Relax read the form, it's not overly complex.

gerrybbadd

relax carry on wrote: »

In a hurry at the moment so I'll get back to you later. You will benefit a bit from opting for joint assessment but it wont impact you till next year. Plenty of time. Relax read the form, it's not overly complex.

You'd benefit from your wife's unused rate band.

Usually the higher earner is the assessable spouse.

In the Standard Rate Band Section put in 25, 000 for your wife, and 42,600 for yourself.

There's no benefit to changing around tax credits, as ye both would need what ye have (in other words, if you take some of your wife's credits, any tax saving you have, she would pay extra, so it's swings and roundabouts)

Carawaystick

Nothing happens until this year is over. If ye're due any credits, it'll be refunded in the new year.

relax carry on

Tzardine wrote: »

Hi all,

I am looking for some help / advice if you could.

I have just been married in July and am looking to sort out my tax situation. I called the revenue helpline and the woman was less than helpful. She said that she would send me the IT2 form and that all the information I needed would be in that. I received the form yesterday and I am even more confused now.

Very simply, I earn approx 45k and my wife 25k.

Could somebody please help me out with the figures I should put on the IT2 form. They are :

Tax Credits
Assessable Spouce
Spouse

Standard Rate Band
Assessable Spouse
Spouse

The revenue operator said I had to wait until January and send the form with P60's. Is this correct. The form / booklet does not mention this. Should I send them form now as it is ?

Any help is greatly appreciated.

In the year of marriage you both continue to be assessed as single people.
Complete the form IT2 and submit to Revenue next year with your P60's for 2015. That will generate a year of Marriage Review. At this point based on the figures you provided, you should be due a small refund for 2015.

On the form itself, enter rate band of 25k for your spouse. That will allow you add 8800 of your spouses unused rateband to your standard rateband of 33800. That gives you a figure of 42600 to enter in for your rateband. Your credits should be split 50/50. That is 3300 each.
These changes will keep going until you tell Revenue otherwise.

Tzardine

Many thanks for the help with this.