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tax and second job help please?
littlepinkstars44
Posts: 2,950 Forumite
I hope this is in the right place, if it's not i'm sorry, i wasn't sure where to post this.
Anyway i started a second part time job last month, and got paid from them last week. And i got emergency taxed, and had £100 took off me!!
I am just off the phone to the tax office, and the man i spoke to has split my tax code between the 2 jobs. Is this the right thing to do?
1st job i work 9 hours a week @ £6 an hour, and he has given me a tax code of 300L for this one
2nd job i work 16 hours a week @ £5.73 an hour, and he has given me a tax code of 355T for this job.
Is this the right thing to do? And does this mean i will be paying any tax at all?
I'm not sure how this will work with my second job, as any overtime we do, gets paid in the following months wage, bascically meaning they will always be owing me money. And how will i manage to get my £100 back? I was meant to get £500 from them last week, as been doing overtime before uni starts back. But got £395 instead because of the emergency tax took off me.
Anyway i started a second part time job last month, and got paid from them last week. And i got emergency taxed, and had £100 took off me!!
I am just off the phone to the tax office, and the man i spoke to has split my tax code between the 2 jobs. Is this the right thing to do?
1st job i work 9 hours a week @ £6 an hour, and he has given me a tax code of 300L for this one
2nd job i work 16 hours a week @ £5.73 an hour, and he has given me a tax code of 355T for this job.
Is this the right thing to do? And does this mean i will be paying any tax at all?
I'm not sure how this will work with my second job, as any overtime we do, gets paid in the following months wage, bascically meaning they will always be owing me money. And how will i manage to get my £100 back? I was meant to get £500 from them last week, as been doing overtime before uni starts back. But got £395 instead because of the emergency tax took off me.
0
Comments
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1st job £6 x 9 x 52 weeks = £2808 - covered by allowances of 3000, so no tax.
2nd job £5.73 x 16 x (about) 30 weeks = £2750 - covered by allowances of 3559, so no tax.
Looks good to me!
The £100 will be refunded by the employer who deducted it.
Anything you earn above the allowances shown above will be taxed at 20%.£705,000 raised by client groups in the past 18 mths :beer:0 -
1st job £6 x 9 x 52 weeks = £2808 - covered by allowances of 3000, so no tax.
2nd job £5.73 x 16 x (about) 30 weeks = £2750 - covered by allowances of 3559, so no tax.
Looks good to me!
The £100 will be refunded by the employer who deducted it.
Anything you earn above the allowances shown above will be taxed at 20%.
Thanks for that, though i always thought tax was only 10% though?
what happens when i work on a sunday in the first job, as i get time and a half for that?
And when i work extra during the holidays, will i get taxed on that then?0 -
The 10% tax band was abolished 2 years ago.
If you look at my first post, you will see that you can earn £300 in your 1st job and £3559 in your second job. If you go over that this tax year, you will pay tax at 20%. If, at the end of the year you have earned £4000 in your first job and only £1500 in your second, then you can make a claim for a refund of the tax paid on your first job.£705,000 raised by client groups in the past 18 mths :beer:0
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