Quote:
Originally Posted by Toy Soldier
I've never actually thought about that one before but you're totally right  .
One employee working 40 hours earning £22k will pay a nice chunk of tax on that £22k. Two employees working 20 hours earning £11k each will pay zero tax.
I've thought about it from the taxpayer perspective before, as it's likely that my youngest will need "full time parenting" (at least one of us to be home at all times) for a long time, if not forever. However because of how tax works, if we were to end up with similar incomes, it would make more financial sense for both of us to work part-time on opposite days than for one of us to work full time and one to be full time carer. Simply because both of us working part time would pay far less tax than one working full time. The exact same combined salary = a significant amount more in take-home pay. |
It makes perfect sense to do that TS and its very much a case of needs must.
I'm about to send you a pm btw.