reclaiming tax on 2nd job

docc109

I work full time and have a 2nd job working on a nurse bank, I'm now being taxed at 40% on my 2nd job, I'm assuming because my earnings are above the threshhold. Can I reclaim the difference in tax or do I have to grin and bear it?
Thanks DOCC109

fengirl_2

I would assume you have been taxed at 40% becasue you are a 40% taxpayer. How much do you earn in each job?

docc109

Thanks for getting back to me. I earn more than £32000 in my first job and can earn £10000 in the 2nd job if I put enough hours in. Which I have done this year. I thought that you could reclaim the tax, am I wrong?
docc109

fengirl_2

40% tax on your second job is not correct on the info you have given. Your income is:
Main job 32,000
2nd job 10,000
Total 42,000
less PA 6475
Taxable 35525 - which is within the 20% band of £37,400

You need to contact your tax office and tell them this so that they can adjust your code on your 2nd job to 20%. Any tax overpaid will be refudned through your pay.

trevormax

do you have any other sources of income such as dividends or bank interest.

Also, do you have any kind of benefits from your employer such as a company car, free medical insurance, interest free loan, free or cheap accomodation etc.

All of this could push you into the higher rate.

Sarny

I always thought you got taxed 40% on *any* second job, regardless of earnings?

CLAPTON

Sarny wrote: »

I always thought you got taxed 40% on *any* second job, regardless of earnings?

normally a second lob will be taxed as BR..i.e. 20% plus NI if appropriate.

docc109

I had a closer look at what I earn, my 1st job is 32.400 pounds and I can eran between 10,000 and 20,000 in my 2nd, so far this year, I have earned 11,000. My tax code was BR and now D0, since July. I'm going to try and contact tax office tomorrow, if I get any info, I'll post it.
docc109

Pumpkinface_2

If you have earned £11,000 in the second job so far this year then it would look like you are easily on track for £20k over the full year. Thus you would go into the higher tax band at some point.