Started 2nd job, how to mak sure not getting taxed too much

littlepinkstars44

I just started a second job on Monday.
How do i go about making sure that i don't get emergency taxed or taxed too much from my second job?

slummymummyof3

You will have to pay tax at the basic rate on your second job.

littlepinkstars44

slummymummyof3 wrote: »

You will have to pay tax at the basic rate on your second job.

I dont know what that means, sorry.
I don't pay tax

Aileen_Una

From Rev and Customs:

You should get a tax code for each job or company pension. This tells each employer or pension provider how many tax allowances you get. But your Personal Allowance - and therefore your tax-free pay - will normally only apply to your main job or pension.

You will have to pay tax on your second job, determined by your code, determined by your total salary. If less than your personal allowance you will pay minimum rates.

kissit

what happened to me when i had two jobs is that you got taxed more on your second job...

littlepinkstars44

I don't get taxed at all, as i am a student. What i want to know is how to ensure i don't get taxed from the second job, or get emergency taxed (as i have done everytime i've started new job)

liney

Being a student doesn't automatically mean you don't pay tax though.

If you will only be working during holidays and meet the conditions you fill in a P38, which is a student exeption form. If you will be working outside of the holidays too, you fill in a P46 and if you don't earn £124 per week you don't pay tax.

If you do pay tax some weeks, but the total P60 figure is less then the £6475 allowed you claim the tax back in April. If you fail to fill in the correct form, ie use a P38 then continue to work after the holidays have ended, you will have your tax code recalculated and the tax you should have paid extracted from your wages.

littlepinkstars44

but students don't pay tax?
I've never paid tax, and have been working and studying since i was 16

liney

littlepinkstars44 wrote: »

but students don't pay tax?
I've never paid tax, and have been working and studying since i was 16

Students dont pay tax if they earn below the threshold, and only work during term time. These are the conditions of a P38 (student exemption)

If you have earnt more in the holidays and less than the threshold during term time you will not have paid tax - the tax office will then have calculated that you have earnt less than the yearly amount you are required to earn to pay, (£6745 ish atm) and will have left you alone.

The statement that "Student don't pay tax" is widely believed, but unfortunately not true. It depends very much on how much you earn, and when you actually earn it.

Are you going to be earning more than £125 per week?

Here is a link to the nice people at the tax office for you: http://www.hmrc.gov.uk/students/doi_pay_tax_on_pt_job_9_2.htm

littlepinkstars44

I don't know i get paid monthly and 4 weekly so i dunno how to work that out

98jdougl

When I was a student I got taxed on some paychecks because my hours worked would push me over the threshold and plenty of people at my high school got basic tax on their second job so it isnt a straight rule.