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

98jdougl

to work out the weekly- divide the 4 weekly by 4 and multiply the monthly by 12 and then divide by 52... and the two together and there's your weekly rate

Savvy_Sue

It is likely that you will pay tax on your second job, at least initially, but generally the way to avoid paying too much tax is to give in a P46 when you start a new job but don't have a P45.

If the combined income from BOTH jobs is likely to remain under your personal threshold (just over £6000 this tax year) then HMRC will sometimes split your tax code between both jobs so that you don't pay tax on either. But if they don't, and you don't earn enough to have needed to pay tax, you can reclaim it at the end of the tax year.

As liney has already said, the myth that students don't pay tax is just that, a myth. Students often don't earn over their personal allowance, but the moment they do, they're liable to pay tax like the rest of us.

littlepinkstars44

I worked out from both jobs i should get £570-£600 depending on sunday hours (get time and a half)

Sohow does that work with tax then?

MrsE_2

littlepinkstars44 wrote: »

I worked out from both jobs i should get £570-£600 depending on sunday hours (get time and a half)

Sohow does that work with tax then?

Is that weekly?

You get a tax free allowance of roughly £100 PW on your main job & pay basic rate on what you earn on the rest (on both jobs).

littlepinkstars44

no thats monthly.

MrsE_2

littlepinkstars44 wrote: »

no thats monthly.

So how much PW on the main job?

littlepinkstars44

my tax code of 609L...so doesnt that mean i can make £609 a month without being taxed on it...so then i'll be ok i wont get taxed at all then??

If that right...then that'll be awesome! £600 wages plus £432 student loan/bursary a month!!!!!

MrsE_2

littlepinkstars44 wrote: »

my tax code of 609L...so doesnt that mean i can make £609 a month without being taxed on it...so then i'll be ok i wont get taxed at all then??

If that right...then that'll be awesome! £600 wages plus £432 student loan/bursary a month!!!!!

No it means £6099 (or is ir 6095) per year;)

littlepinkstars44

MrsE wrote: »

So how much PW on the main job?

Morrisons: £54 a week/£216 a month (depends on sundays as time and a half)

McCalls: £93.6 a week/£374.4 a month

MrsE_2

http://www.hmrc.gov.uk/incometax/check-multiple-codes.htm