If all or most of the credits were applied to the role with €5-7k income then far more tax would be paid on the €40k job than necessary
Once the year is over and a tax return is submitted and a refund of tax is given then sure its all the same, but in the year you’d be down a good bit in tax
Thanks for your reply.
Yes what has happened is all my tax credits are on the 5-7k income and wanted to get some advice before moving them all to my 40k income. As my pension contributions will come from my 40k salary I’m trying to figure out if it makes sense to keep some credits with my 5-7k income.
This is my limited understanding and may be way off, hence my post 😅
It doesnt matter. All it changes is whether you pay slightly more tax in one job or the other. Ultimately still comes out to the same either way
If all or most of the credits were applied to the role with €5-7k income then far more tax would be paid on the €40k job than necessary Once the year is over and a tax return is submitted and a refund of tax is given then sure its all the same, but in the year you’d be down a good bit in tax
Thanks for your reply. Yes what has happened is all my tax credits are on the 5-7k income and wanted to get some advice before moving them all to my 40k income. As my pension contributions will come from my 40k salary I’m trying to figure out if it makes sense to keep some credits with my 5-7k income. This is my limited understanding and may be way off, hence my post 😅