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Is it always better to go joint?

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  • 07-05-2021 8:53am
    #1
    [Deleted User]
    Posts: 7,712 ✭✭✭


    I was looking up some tax stuff recently and noticed I'm still down as single despite getting married in 2016. When I attempted to change this to married I ended up with loads of questions that I don't really know the answers to (assessable spouse, etc). But would I be better looking into this and going ahead with it or are the benefits generally negligible? Thanks. We're both just in standard jobs (1 private and 1 govt) and no overseas income, etc.


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    #2
    relax carry on
    Registered Users Posts: 4,072 ✭✭✭relax carry on


    ReginaldSmythV wrote: »
    I was looking up some tax stuff recently and noticed I'm still down as single despite getting married in 2016. When I attempted to change this to married I ended up with loads of questions that I don't really know the answers to (assessable spouse, etc). But would I be better looking into this and going ahead with it or are the benefits generally negligible? Thanks. We're both just in standard jobs (1 private and 1 govt) and no overseas income, etc.

    It's beneficial if one spouse isn't using up to €9000 of their rate band which can be transferred to the other. Or if one of the spouses isn't using up to €1650 of their personal credit which can be transferred to the other. Circumstances change all the time so if one spouses income dropped/ceased then their transferrable rate band/credits can be moved to the other spouse so there's will be some softening of the drop in income.


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    #3
    gerbilgranny
    Registered Users Posts: 515 ✭✭✭gerbilgranny


    It's never less beneficial to opt for Joint Assessment. And as for 'Assessable Spouse' - you just need to choose one of you to be the 'main person' - so in the event of Revenue requiring you to file a Return, they send the request to a specific person, not a couple.


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    #4
    [Deleted User]
    Posts: 7,712 ✭✭✭ [Deleted User]


    gerbilgranny wrote: »
    It's never less beneficial to opt for Joint Assessment. And as for 'Assessable Spouse' - you just need to choose one of you to be the 'main person' - so in the event of Revenue requiring you to file a Return, they send the request to a specific person, not a couple.

    Thanks. I was afraid I put all the tax on one person or something.


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