TITLE

Is extra work worthwhile if it puts us into the tax net?

AUTHOR(S)
Colm Rapple
PUB. DATE
October 2012
SOURCE
Mail on Sunday;10/28/2012, p87
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
QI've been exempt from income tax since I retired. My wife and I have a joint income of about �35,000 including a contributory social welfare pension and a small company pension I have. My wife earns about �15,000 from a part-time job. She could work more hours but has been told that it wouldn't be worthwhile because we'd be brought into the tax net. But surely the most we'd have to pay would be 20c on each extra �1 of earnings? � AIt certainly might not be worthwhile and there is a social welfare issue that you don't raise but you might want to consider.
ACCESSION #
82837900

 

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