2 part time jobs taxed

cavysri16v

I'm currently working in a full time position earning £8.16 ph for 39 hours. i want to drop my hours to part time which i believe will be 32 hours and take up a second job earning £8.16 for 9 hours per week. From what i have read on here the second job will have the tax code BR and i will be taxed at 20%. Can anyone advise me on whether i will be losing out by dropping my hours in my main job and taking another job by having to pay more tax and then claiming in back?

The main reason for doing this change is because in my main job i work nights but i have been offered 1 day a week working in the day which i would much prefer, and hopefully this would be a gradual change and in the long run get me off of nights.

Hope this makes sense

Many Thanks

fengirl_2

You don't pay more tax and then claim it back, you need to inform HMRC about what you will be earning in the two jobs and ask them to allcoate your tax free allowance in the most faviourable way.
Its not possible to give you exact figures without knowing how much you have earned to date in both jobs and what tax you have paid in each.

suso

If you are going to be earning 8.16 per hour for a 32 hour week, you are still on course to use all your personal allowances at your main job, so all your earnings at your second job will be taxed at the BR rate.

Generally any earnings over the over amount of £125.00 per week are taxed at 20%, whether its your first job or second job.

cavysri16v

ok thanks alot for your help

pinkneonmartini

cavysri16v wrote: »

The main reason for doing this change is because in my main job i work nights but i have been offered 1 day a week working in the day which i would much prefer, and hopefully this would be a gradual change and in the long run get me off of nights.

Would the 1 day a week be for the same company???? If so then it doesn't really matter, as you wouldn't actually be starting a second job with a second company. I can't help but ask, due to the way you've worded (above) your situation, and the fact that your hourly rate would be exactly the same.

I have alot of clients who work in childcare and constantly ring up in a flap because they've been offered hours in the "before-school-club" and normal only work in the "homework-helpers" club, and don't want to end up paying extra tax, but if it's all run by the same business then there is no second job, and therefore no second income.

John_Pierpoint

The wretched myth that when you agree to do serious overtime (such as agreeing to work over a weekend to meet an order deadline (and stop British jobs going to the third world)); its just not worth it because the tax man gets half.

I wonder just how much the tax system reduces the real wealth of the country.

(Sorry about the rant, but I watched a program on the box the other night about the "D"/"E" class people in the UK and how they have allowed themselves to be pushed out of the working population by migrants and my sympathy tends to be with the migrants: they have seen the other side of the coin and don't want to go there again. Then I've just read this thread:

http://forums.moneysavingexpert.com/showthread.html?t=2298635

And the programme is not set in traditional "red" Clydeside or similar.

http://en.wikipedia.org/wiki/Red_Clydeside)

anamenottaken

cavysri16v wrote: »

. . . and take up a second job earning £8.16 for 9 hours per week.

You will be better off in that, if the second job is with a different employer, they won't need to deduct NI on the £73.44/week. If you were getting that together with your other hours with your original employer then it would be subject to 11% NI deductions.