Hello, been reading a lot on this and can't quite figure it out.
My wife will be going on unpaid maternity leave in June, having earned appox 18k to that point in the year.
I'm currently earning 35k pa but am expecting a payrise in the near future. (Hope to earn circa 40k over course of entire year).
I'm filling out the form and my question is how should we split our tax credits and standard rate sut-off point to maximise the benefit now when we need the money as opposed to end of year where we'll both be working again.
My wife will be going on unpaid maternity leave in June, having earned appox 18k to that point in the year.
I'm currently earning 35k pa but am expecting a payrise in the near future. (Hope to earn circa 40k over course of entire year).
I'm filling out the form and my question is how should we split our tax credits and standard rate sut-off point to maximise the benefit now when we need the money as opposed to end of year where we'll both be working again.