Will picking up a 2nd job change the tax code of my main job?

WhiteEagle77

Hi,

Please help me with an advice. I am pondering over taking a 2nd (weekend) job; but I am not sure how/if this would affect the taxation of my main job.

The details:

My main job:
37 hours a week
£21,650 p.a.
Tax code 603L
monthly net wage £1,375

My planned 2nd job:
7 hours a week
£6.5 p.h.
Tax code ???
weekly net wage £???

I estimate that I would earn between £120 and £160 per month with the 2nd job. BUT, would I need to pay more tax on my main job because of this 2nd job? Because if - let's say - taking up this second job causes £100 more tax to be paid monthly on the main job then it simply would not worth to picking it up.

Thanks.

PlutoinCapricorn

Your second job will be taxed separately and will not affect your first job.

The Code for job No. 2 should be BR for Basic Rate, and you will pay 20% on your earnings.

By the way, you have a low Tax Code for your first job, do you get a car or something like that?

WhiteEagle77

Thank you for the prompt answer.

No, I don't get a car or anything else like that. But I'm a civil servant and have an excellent pension package. By the way what is a "low Tax Code"? I thought that up to 35K p.a. or so it's all low (i.e. 20% tax band).

Thanks.

PlutoinCapricorn wrote: »

Your second job will be taxed separately and will not affect your first job.

The Code for job No. 2 should be BR for Basic Rate, and you will pay 20% on your earnings.

By the way, you have a low Tax Code for your first job, do you get a car or something like that?

PlutoinCapricorn

Sorry, that was badly expressed. I mean that the Tax Code often reflects the Personal Allowance, which is the amount that you can earn before tax.

For many people, it is 647L for the current tax year, so 603L is a lower amount. Taxable benefits supplied by the employer are the usual explanation.

Cazza

By low tax code, PlutoinCapricorn means that your tax allowance has been reduced slightly and was wondering why - I think the "standard" tax code for 2009-10 is 647L, yours is 603L. I work for Local Government too and mine is 603L, so there is obviously some kind of deduction taken off for something - not sure what though! If you did have a company car, it's likely that the deduction from your personal allowance would be greater, so I'd expect to see a code starting with a 3 or 4, depending on the type of car.

CLAPTON

647L is the normal tax code for this tax year whereas 603L was the normal tax code for last tax year... you have probably simply looked at last year P60 or march's payslip.

also you will be pleased to note you will pay no NI on the second job

PS... unless you have your May payslip the tax code may not yet have been changed for this tax year.

WhiteEagle77

Oh yes, you are right. I looked up the tax code on my March payslip. On the April payslip it is 647L.

Thank you.

PlutoinCapricorn wrote: »

Sorry, that was badly expressed. I mean that the Tax Code often reflects the Personal Allowance, which is the amount that you can earn before tax.

For many people, it is 647L for the current tax year, so 603L is a lower amount. Taxable benefits supplied by the employer are the usual explanation.