Taxation after marriage

[Pique318]

Hi,

I got married a year ago (yey for me ).

Anyway, as my wife and myself are basically on the same salary with only a couple of hundred euro separating us gross anually I was wondering if there's any point informing the taxman.

From what I can see on the paye tax credits side, it's only beneficial if one person is earning much more and can combine the credits for both. Is this true ?

I always wondered about the Tax Credits mentioned in the budget.
eg. €500 for a single person and €1000 for married couples. Basically that's the exact same ?! Or is it that your tax credits double each when you get married, so each spouse gets €1000 whereas if you were single, each person only gets €500.

Can someone clarify what benefit there is to someone like me & wifey registering as a married couple for taxation purposes?

We have a mortgage and are still receiving FTB allowance too, if that makes any diff.


Thanks folks.
PK

 

[Nige]

If you are both earning over 34k per annum, there is no benefit in being jointly assessed.

 

[Pique318]

Cheers Nige, that's exactly what I had thought....

Dammit, no nice tax-back

 

[ClubMan]

Use www.taxcalc.eu to estimate any differences between assessment as two single people and joint/aggregated married taxation.

 

[Glenbhoy]

You are better off to inform them anyway, but still be treated on a separate basis, as it's not always possible to change immediately if circumstances change.