Tax on self employed income plus ARF

[Wheelie Bin]

I'm not so sure of that. According to the OP he still has a few years of hefty mortgage repayments and presumably needs the pension income.

Tom is right on that point. The guy needs the pension income and as much as he can earn in his self employment.

 

[Wheelie Bin]

Yes, obviously he's entitled to the Earned Income Credit but I can't for the life of me work out what relevance that has to your question.

A friend of mine recently turned 61 and has started drawing an ARF ( Zurich Life) worth approximately €4000 gross per month. ( mandatory)

He is continuing to work as a sole trader. His spouse , 62 , has stopped working . Four grown up kids who he'd like to help out from earned income at different life stages.

What tax credits and cut off points is he entitled to and how does he distribute them ?

I had two questions in my original post. That was the first one, Tom.

 

[T McGibney]

I had two questions in my original post. That was the first one, Tom.

I know. I still can't understand why it's relevant though? Tax bands apply regardless of availability or otherwise of tax credits.

 

[Wheelie Bin]

I know. I still can't understand why it's relevant though? Tax bands apply regardless of availability or otherwise of tax credits.

Just wanted to make sure he was availing of all that was available I suppose , Tom, root and branch