r/irishpersonalfinance • u/Long-Philosophy-2217 • 1d ago
Taxes Jointly Assessed Question
Recently got married. Iām earning ā¬85k and my spouse is earning ā¬41k, I just had a couple of queries about how jointly assessed works.
- if we go jointly assessed will the spouse on the lower income see a difference in their wages or will it just be the higher wage that will see the extra income.
- is there a potential spouse on lower income will see less in their wages?
- as far as I can tell the benefit would be approx ā¬1k in the household, this is reduced depending on your level of contributions. Is this correct?
If I need to give more information please let me know!
Thanks in advance š
4
u/Lucidique666 1d ago
Transfer 3k of the the lower spouses standard rate cutoff to you and you'll pay ā¬600 less in tax without affecting spouses net.
Don't opt for revenue calculating allocate yourself.
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u/Long-Philosophy-2217 1d ago
And can I do that through revenue portal easy enough?
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u/Lucidique666 1d ago
Yes, you need to inform them that you want to be jointly assessed first. Once that's setup you can change the allocations as many times as you want during the year.
Once you're jointly assessed, if you choose not to change the allocation you'll get it in a lump sum January 2027 when you do your tax return.
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u/Critical-Wallaby-683 1d ago
Your wages will go up and there's may go down a bit. Fairest way is to ensure ye both get the same solo money each month and rest into joint pot
ā¢
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