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

Tax change after you get married

  • 22-09-2015 6:59pm
    #1
    Zascar
    Moderators, Motoring & Transport Moderators, Music Moderators Posts: 12,781 Mod ✭✭✭✭


    If I was to get married, but my wife was not going to work, I believe I can take her tax credits and so pay less tax myself. Can someone explain how this works and how I can calculate how much I can potentially save?
    Thanks


Comments

  • #2
    jim-mcdee
    Registered Users, Registered Users 2 Posts: 373 ✭✭jim-mcdee


    Zascar wrote: »
    If I was to get married, but my wife was not going to work, I believe I can take her tax credits and so pay less tax myself. Can someone explain how this works and how I can calculate how much I can potentially save?
    Thanks

    As far as I know you need a marraige certificate and send it to revenue, then you will get her tax credits ie you only go on top rate at 60k ish instead of 30k ish


  • #3
    L'prof
    Registered Users, Registered Users 2 Posts: 12,046 ✭✭✭✭L'prof


    Zascar wrote: »
    If I was to get married, but my wife was not going to work, I believe I can take her tax credits and so pay less tax myself. Can someone explain how this works and how I can calculate how much I can potentially save?
    Thanks

    Up to ~€70 a week depending on what tax credits your wife is entitled to. If your total tax credits including your wife's was €140 but your PAYE calculated for a week was less then you'd save the lesser amount.

    Edit: If your tax band also increases as above then there's extra savings in there obviously.


  • #4
    sonyvision
    Registered Users, Registered Users 2 Posts: 594 ✭✭✭sonyvision


    Your top rate wont go to 60k more close to 44k and you can take her PAYE credirs of 1650, so you keep yours 3300, plus hers 1650. Look up revenue online to get the right cut off


  • #5
    [Deleted User]
    Posts: 5,121 ✭✭✭ [Deleted User]


    If your affairs are straight forward an online calculator like this could work it out for you - put in your details as if you were the only one working for the year.
    http://services.deloitte.ie/tc/


  • #6
    Pawwed Rig
    Moderators, Category Moderators, Home & Garden Moderators, Recreation & Hobbies Moderators Posts: 22,430 CMod ✭✭✭✭Pawwed Rig


    It is most efficient if your wife gets a job at 24k or so as more income is taxed at 20%.
    Make sure that your wife is considering PRSI for the state pension too.


  • Advertisement
  • #7
    Chimichangas
    Registered Users, Registered Users 2 Posts: 737 ✭✭✭Chimichangas


    Pawwed Rig wrote: »
    It is most efficient if your wife gets a job at 24k or so as more income is taxed at 20%.
    Make sure that your wife is considering PRSI for the state pension too.
    I was just wondering the same thing as OP, but I don't get these 2 points?
    More income taxed at 20%? I thought on a joint assessment its only up to 44k on main earner at 20%?

    And the point about PRSI for state pension, is that not compulsory anyway? And/or what is the benefits?

    Its that time of life when these things become important...

    & loving the deloite calculator from earlier poster!


Advertisement