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Can you deallocate tax credits from an employer?

  • 28-02-2021 5:06pm
    #1
    Donald Trump
    Registered Users, Registered Users 2 Posts: 20,832 ✭✭✭✭


    Suppose you are working in a 9-5.


    Can you remove your tax credits from that employer so that you just pay the higher rates of tax on the income? Then either apply them to a side stream of income, or claim back at the end of the year?



    Or do you have to assign them to another employer?


Comments

  • #2
    Mrs OBumble
    Registered Users, Registered Users 2 Posts: 26,295 ✭✭✭✭Mrs OBumble


    Donald Trump wrote: »
    Suppose you are working in a 9-5.


    Can you remove your tax credits from that employer so that you just pay the higher rates of tax on the income? Then either apply them to a side stream of income, or claim back at the end of the year?



    Or do you have to assign them to another employer?

    You certainly could: there was an option to do this where you could allocate some of your credits to <<I don't know what it was called>>.

    I'd expect this is still there, but cannot confirm cos I haven't done it.


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