Marraige + tax assesment: 1 spouse limited company

[rubberduckey]

Joint or Single Assesment:

Hi there, myself and Mrs P got married in November of last year.
Mrs P is an IT contractor and has a limited company which pulls in circa 100k per year. I am a PAYE employee with gross earnings of €65k per annum, to complicate matters I will be receiving stock options with a net gain of circa €90k before tax in July and we are both intent on leaving our positions in October 2005 to do some charity work in Tsunami hit areas.

i have been using lots of tax calculators to determine whether we are better off being assessed as a married couple or not.

At the moment we are still being assessed as single people.

If anyone can give us advice it would be most appreciated.

thanks,

Duckey

 

[Ham Slicer]

Your wife's company is bringing in c100K per annum. What kind of salary is she taking?

If €29,400 or more it will make no difference on what method of assessment used.

If on less joint assessment may be better as you could use some of her unused rate bands etc.

 

[rubberduckey]

Yeah unfortunately the salary is greater than 30k.

Thanks for the response though, hamslicer