[Erithwc]

Me and my wife were talking last night about her packing in work and helping me with the business admin and coming out with me a one or two days a week.

I am trying to work stuff out so i know what the business needs to be earning to surport both of us with ease.

Is the personal tax allowance for a married couple  £8,105  + £8,105  +  2,100 = 18,310

or have i got something wrong  

http://www.hmrc.gov.uk/rates/it.htm

Thanks Paul

[reachandshine]

Might be wrong but think married couple allowance only relates to over 75?

[Erithwc]

Hi

thats fine but would the tax allowance be £8,105 for me and £8,105 for her or is it a lower rate 

Thanks Paul

[reachandshine]

You both use your allowance of 8,105 each, total allowance for tax year 16, 210.

[Erithwc]

You both use your allowance of 8,105 each, total allowance for tax year 16, 210.

Thanks mate just wasn't sure 

It will make my life much better if i don't have to worry about getting the kids plus her wage isn't great when you take into account the hours she works for the fixed salary she gets.

Paul

[Ian101]

Once we sell our house and downsize so lot smaller mortgage my wife will be packing in her job and coming to work with me ... not on the glass but backroom stuff ... next year tax allowances for an individual will be £9205 (2013 - 2014) then perhaps £10000 the year after ??

http://www.hmrc.gov.uk/budget2012/income-tax-rates.htm

so next year £18410 before any tax !!!

[AuRavelling79]

Things to consider:-

Does she get paid holiday and does her employer provide a pension when she retires?

How many days a week does she work at the mo'? Will she get extra time to use on herself/family/home?

How much extra revenue will she bring in as a windy? Besides tax benefit.

Can she put up with you in bed/at home/at work as opposed to just in bed/at home?  

[Erithwc]

Things to consider:-

Does she get paid holiday and does her employer provide a pension when she retires?

How many days a week does she work at the mo'? Will she get extra time to use on herself/family/home?

How much extra revenue will she bring in as a windy? Besides tax benefit.

Can she put up with you in bed/at home/at work as opposed to just in bed/at home?  

She gets holiday pay but work 5 days a week most weekends and we worked it out the other day for the amount of hrs she has to do to get her work done for her fixed salary she only gets about £5.50 per hr  after tax.

We would be better off if she worked for our own business as i would be able to grow the business faster if i didn't have the kids school hrs to worry about school holidays ect

Paul

[andrew hamshare]

We are in a similar situation. Window money not yet at a level where it can sustain us both, though hopefully will be within 6 months.

Mrs H doesn't drive so 5 days a week I have to down tools and do a 32 mile round trip to take her to work. Costs me a gallon of fuel and I have to pick her up again at 22:00. Its a right pita.

She is only on £7.50 ph which equates to £56. Take away my £12 for fuel and it takes her hourly rate down to £5.90. If I take my own time into consideration (ie 2 hours driving) then  WE receive an average of about £4.63 ph.

Ridiculous isn't it. 

Unfortunately, we could not survive without her income at the moment.

[davids3511]

We are in a similar situation. Window money not yet at a level where it can sustain us both, though hopefully will be within 6 months.

Mrs H doesn't drive so 5 days a week I have to down tools and do a 32 mile round trip to take her to work. Costs me a gallon of fuel and I have to pick her up again at 22:00. Its a right pita.

She is only on £7.50 ph which equates to £56. Take away my £12 for fuel and it takes her hourly rate down to £5.90. If I take my own time into consideration (ie 2 hours driving) then  WE receive an average of about £4.63 ph.

Ridiculous isn't it. 

Unfortunately, we could not survive without her income at the moment.

My partner is the same, can't drive. To be fair to her, she doesn't impact too much on me as she uses public transport alot but I still wish she'd bloody learn.

[ben M]

We are in a similar situation. Window money not yet at a level where it can sustain us both, though hopefully will be within 6 months.

Mrs H doesn't drive so 5 days a week I have to down tools and do a 32 mile round trip to take her to work. Costs me a gallon of fuel and I have to pick her up again at 22:00. Its a right pita.

She is only on £7.50 ph which equates to £56. Take away my £12 for fuel and it takes her hourly rate down to £5.90. If I take my own time into consideration (ie 2 hours driving) then  WE receive an average of about £4.63 ph.

Ridiculous isn't it. 

Unfortunately, we could not survive without her income at the moment.

My partner is the same, can't drive. To be fair to her, she doesn't impact too much on me as she uses public transport alot but I still wish she'd bloody learn.

[andrew hamshare]

Been doing a few sums and it's not looking good for mrs h's employer.

With my new workload increasing and me getting a little quicker, couPled with my round becoming more compact by the day, she is now costing us money by going to work!

She's seen a job advertised in the high street cake shop which is pt. I am going to encourage her with wine, flowers and extras in an attempt to free myself from the clutches of her current employer.

Also, I love Gypsy Tarts.

[andrew hamshare]

Been doing a few sums and it's not looking good for mrs h's employer.

With my new workload increasing and me getting a little quicker, couPled with my round becoming more compact by the day, she is now costing us money by going to work!

She's seen a job advertised in the high street cake shop which is pt. I am going to encourage her with wine, flowers and extras in an attempt to free myself from the clutches of her current employer.

Also, I love Gypsy Tarts.