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Your personal finance questions – Does it make sense from a tax point of view for my wife to give up work?

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Q My wife and I had our second child last September and she has two months of maternity leave left. She is reluctant to go back to work and we are working out our finances to see if we could manage financially if she decided not to. We both have a good income, are on the higher tax band, and are jointly assessed. From a tax perspective, would we be in a better or worse position if she was to finish up her job?

 


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