More that €5K p.a.? That would cause you to become self-assessed. But any less and you should be able to just use myAccount and a "Form 12" style return. But if you are already self-assessed then you would first have to de-register from self-assessment.I think I need to complete one anyway because I get dividends on some shares I hold.
So it seems I just have to add up what I received from SW in 2023?
Also, it seems from the link you posted that the age allowance is unchanged from the previous year, at 490. There was no mention of it.
Yes, that's what I originally suggested:Or just login to mywelfare.ie (assuming that you're registered) and request a statement of same which should almost instantly appear in your mailbox.
If the social welfare is taxable then you presumably put in the gross amount received?
If necessary you should be able to get this via myWelfare.Taxation of pensions
How different types of pensions are taxed in Ireland.www.citizensinformation.ie
MyWelfare Homepage
MyWelfare is the online home of welfare services. It allows you easy online access to a range of servicesservices.mywelfare.ie
Incidentally, there's also a "Household Benefits" payment, which I'm not going to insert. I hope that's correct.
Household Benefits Package payments are fully exempt from income tax, PRSI and USC.
Well, of course, if your only income is Social Welfare pension and dividends of 5k, there is no tax to payOf course, it means more tax to pay!
You seem to be claiming the age tax credit for a (married) couple? Do you not get any additional payment in respect of your spouse?For anyone else who's interested, they amounted to €14,260.90 (that's for one person).
Yes, that's what I originally suggested:
Unfortunately not. She was a non-working wife for almost all our entire married life - over 50 years at this stage!You seem to be claiming the age tax credit for a (married) couple? Do you not get any additional payment in respect of your spouse?
Did you ever ask if you're entitled to the increase for a qualified adult for her?Unfortunately not. She was a non-working wife for almost all our entire married life - over 50 years at this stage!
I remember looking at the form once. All the questions about telling what she had in the bank, etc. made me feel like we'd have to beg, to prove that she didn't have too much set aside in her own name or in our joint names to qualify for the dependent's pension. I wasn't prepared to do that.Did you ever ask if you're entitled to the increase for a qualified adult for her?
It shouldn't be a case of begging. You're either entitled to it or not. If it was me I'd be making sure that I was receiving everything to which l was entitled.I remember looking at the form once. All the questions about telling what she had in the bank, etc. made me feel like we'd have to beg, to prove that she didn't have too much set aside in her own name or in our joint names to qualify for the dependent's pension. I wasn't prepared to do that.
It's a means-tested entitlement, not a straight entitlement. I've looked at the forms. We'd have to bare our souls, show them every bank account and credit union account we have, tell them about our investments. It could also mean having to ask my wife to transfer money from her personal savings, which she's squirreled away over the years, to my account or to a joint account.
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