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

Best Tax band/credit allocation for married couple

  • 15-12-2017 3:15pm
    #1
    averagejoe123
    Registered Users, Registered Users 2 Posts: 270 ✭✭


    Hi,

    Would anyone be able to help with this. A friend is looking for advice on the following.

    They are a married couple with taxable earnings of €18,000 Person A and €37,500 person B for this year. At present they are not jointly assessed. I have advised that they get this sorted and hopefully get their refund for the overpayment in 2017.

    I know that they can shift some of the 20% tax band from person A to person B but is it worth moving any tax credits? If so what is the best structure?

    Many Thanks

    Joe


Comments

  • #2
    loyatemu
    Registered Users, Registered Users 2 Posts: 15,331 ✭✭✭✭loyatemu


    Person A seems to be (just about) using their full tax credit so there's no benefit in moving the credits. They should definitely look at moving some of the standard rate allowance as it will save Person B a few thousand in tax. In my experience the revenue are very helpful on matters like this - just ring them up, give them your PPS numbers and ask them to adjust the band in the most favourable way and they'll arrange it for you.


Advertisement