Single, Separate or Joint Assessment for PAYE ?

Discussion in 'Tax' started by Skyfall, Feb 15, 2017.

  1. Skyfall

    Skyfall Registered User

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    Recently married couple, one retired public servant, one in employment, taxable income of each(public service pension & employment) at 20% rate.
    Is there any benefit in opting for joint assessment for tax purposes here ? From limited knowledge of tax bands & allowances, I cant see any advantage of opting for joint over single assessment in the above circumstances ? Am I correct in this assumption ?
     
  2. wonko

    wonko Frequent Poster

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    81
    Hard to see an advantage there, but very little information. However tax wise it would take an exceptional set of circumstances where joint assessment is a disadvantage. Remember once you are married, joint assessment is automatic, you must specifically opt out (after the year of marriage, where special rules apply)
     
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  3. seamus1968

    seamus1968 Registered User

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    17
    Wonko sorry to enter this discussion.
    I have been married since 2008 but never communicated it to the revenue. Me and my wife are assessed separately.
    I never knew that revenue must be informed once you get married. I asked some of my colleagues today at lunch and most didn't know either.
    Is it a big problem not informing revenue when one gets married ?

    Thanks
    Seamus
     
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  4. Sophrosyne

    Sophrosyne Frequent Poster

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    717
    Strictly, you are supposed to advise Revenue of changes in your personal circumstances.

    You are currently, assessed to income tax under separate treatment.

    Generally, that is not a problem unless one spouse can benefit from unused credits or rate bands of the other spouse - for instance, if one spouse suffers a salary reduction or becomes unemployed – in that case joint assessment is the best option.

    However, people often do not realize that joint assessment can only be claimed during the currency of a tax year, i.e. a claim for joint assessment for 2017 must be made during 2017. It cannot be claimed retrospectively.
     
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  5. wonko

    wonko Frequent Poster

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    It, not usually a big problem Seamus for the Revenue, if anyone is missing out its you not them.
     
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  6. seamus1968

    seamus1968 Registered User

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    Thanks folks for the answers
    Seamus