Spilling tax credits with husband

acb

Hi everyone.
Im just wondering about splitting tax credits with husband. Back in 2016, we returned to Ireland and I assigned my PAYE tax credits all to my husband as he is on higher salary than me.
However, when I compare my salary to that of a colleague who is on an increment below me, she is coming out with over 300 euro more a month.
I dont feel my husbands salary is up 300 a months.
He earns 72k and is coming out with 1744 net a fortnight. Would this be right?
Think Im on about 48k and am coming out with 1044 net.

Should I be asking Revenue, or our payroll depts?
Thanks in advance
A

loyatemu

acb wrote: »

Hi everyone.
Im just wondering about splitting tax credits with husband. Back in 2016, we returned to Ireland and I assigned my PAYE tax credits all to my husband as he is on higher salary than me.
However, when I compare my salary to that of a colleague who is on an increment below me, she is coming out with over 300 euro more a month.
I dont feel my husbands salary is up 300 a months.
He earns 72k and is coming out with 1744 net a fortnight. Would this be right?
Think Im on about 48k and am coming out with 1044 net.

Should I be asking Revenue, or our payroll depts?
Thanks in advance
A

It's hard to tell - you can't assign all of your standard rate cut-off to him, only some of it (€9K currently) - the rest stays with you. If you're earning 48K then I don't think there's any real advantage to your transferring credits and allowances to him, it'll end up the same. You'd be best off talking to Revenue, if you're owed money back they'll sort it out.

Moonbeam

I find this tax calculator good - https://www.pwc.ie/2018-budget-ireland/income-tax-calculator.html
That is about right after pension contributions etc but it is worth checking.
There is benefit to you sharing tax credits.
Call the revenue and make sure you are both getting all your allowed tax credits.

jimmycrackcorm

Once you earn over 34k there is no benefit in allocating your credits to your husband.

The only benefit is below that where income taxable at 20% can be allocated to him.

acb

Thanks everyone. Will ring Revenue when Ive a free 3 hours to wait! Pay just doesn't seem right, but Im sure everyone feels that! Thanks for all the replies. Much appreciated.

relax carry on

Since you both are earning over the standard rate cut off of 34550 in 2018 you both would have been using up all your credits and rate bands, meaning there was no point transfering them. You can have your credits and rate band split 50/50 if you wish. Your take home pay will increase and your spouse's decreases.

Squatter

acb wrote: »

Thanks everyone. Will ring Revenue when Ive a free 3 hours to wait!

Sarky!

I've phoned them three times this year and have NEVER had to wait longer than 2 minutes.