hi, trying to solve an argument between my parents about income tax on married couples.
up until june 2007 (my fathers retirement date) my father was earning 55k per year, my mother earning 36k. My fathers tax was 20% on the first 34k and 41% on the rest, my mother paid 20% on the first 19.5k and 41% on the rest.
mt father works aprt time now and his annual salary works out to be about 15k and my mother is on 34k.
At the moment the tax situation is still the same as before, my father still pays 20% on the first 34k....... are my mother and I correct in thinking that they can change the tax credits around so that my mother pays 20% on the first 34k etc....
if there's anything missing please let us know.
thanks
up until june 2007 (my fathers retirement date) my father was earning 55k per year, my mother earning 36k. My fathers tax was 20% on the first 34k and 41% on the rest, my mother paid 20% on the first 19.5k and 41% on the rest.
mt father works aprt time now and his annual salary works out to be about 15k and my mother is on 34k.
At the moment the tax situation is still the same as before, my father still pays 20% on the first 34k....... are my mother and I correct in thinking that they can change the tax credits around so that my mother pays 20% on the first 34k etc....
if there's anything missing please let us know.
thanks