Second job tax code?

mcdonald5407

Does anyone know if ther is a no charge self assesment website whick you can enter your P60 details for multiple jobs to find out if you've paid too much tax for the year?
I've got P60's going back to 2001 i'd like to check and all the sites i've looked at want a portion of your rebate to do it for you.

chrisbur

mcdonald5407 wrote: »

Does anyone know if ther is a no charge self assesment website whick you can enter your P60 details for multiple jobs to find out if you've paid too much tax for the year?
I've got P60's going back to 2001 i'd like to check and all the sites i've looked at want a portion of your rebate to do it for you.

You can check your P60s on this sight

http://www.listentotaxman.com/

jassyfa

Need a bit of help here.
Im currently working 38 hours a week bringing home a whopping £160. I have also started a part time job 15 hours a week earning £7.50 an hour.
How much tax will I have to pay for my second job and if I have to pay extra tax then how do I get it back.

jem16

jassyfa wrote: »

Need a bit of help here.
Im currently working 38 hours a week bringing home a whopping £160. I have also started a part time job 15 hours a week earning £7.50 an hour.
How much tax will I have to pay for my second job and if I have to pay extra tax then how do I get it back.

You will be given the code BR which means that all earnings in your 2nd job will be taxed at 20%.

This will be correct as all your tax-free allowances are being used in your main job so unlikely any rebate would be due.

petalponk

Hi i'm currently working 6hrs 45mins a week, not paying tax or ni as i'm signing on at the same time (legitimately!). I've been offered a job for 24hrs a week, but my prospective employer seems to think i will battered by the tax man! anyone got a clue? Also my job centre have said i'm eligible for working tax credits and was wondering if anyone knew whether that would be affected?

Flat_Eric

Hello
I am currently working full time earning £12,220. Now if I understand correctly, I pay 22% tax on this income.

Now Im looking to get a second job. Now this will only be a weekend job so it isnt going to be mega money. assuming an hourly rate of the national minimum wage of £5.52 and working 7 hours on saturday and 5 on sunday, I think we would be talking on an annual second income of about £3500. Now is my assumption correct that I would pay 22% tax on this income also?
I dont want to take a second job if all my second income is going to be swallowed up with tax :eek:

secondtoughest

Sounds a bit of a silly question. I'm getting a second job which will push me close to the £40k. To make sure I don't go over into the 40% code, do I just add up the gross income from both jobs at the end of March 09? Then will I automatically get a rebate from the BR code of the 2nd job (if I've paid too much) or do I have to apply for it?

CLAPTON

secondtoughest wrote: »

Sounds a bit of a silly question. I'm getting a second job which will push me close to the £40k. To make sure I don't go over into the 40% code, do I just add up the gross income from both jobs at the end of March 09? Then will I automatically get a rebate from the BR code of the 2nd job (if I've paid too much) or do I have to apply for it?

assuming your main job uses your personal allowance i.e. you earn more than £6035 then BR will be your correct tax code for the second job... i.e. you will pay 20% tax... there will be no tax refund.

However if your total income (pay from both jobs and savings income etc) exceed 40,855 then the amount over this should be taxed at 40%. You will need to inform the HMRC after the year end so they can recover the tax owed.

CLAPTON

Flat_Eric wrote: »

Hello
I am currently working full time earning £12,220. Now if I understand correctly, I pay 22% tax on this income.

Now Im looking to get a second job. Now this will only be a weekend job so it isnt going to be mega money. assuming an hourly rate of the national minimum wage of £5.52 and working 7 hours on saturday and 5 on sunday, I think we would be talking on an annual second income of about £3500. Now is my assumption correct that I would pay 22% tax on this income also?
I dont want to take a second job if all my second income is going to be swallowed up with tax :eek:

you have an allowance of 6035 tax free and on the remainder you are taxed at 20% plus 11% NI.

if you get a second job then you will be taxed at 20% on the whole amount (tax code BR) but you will not pay any additional NI as your income is too low.

secondtoughest

Do you pay NI on a BR tax code, if you pay it with your main job?

Can I just say it ****** me off that the more you work, the more you have to give away.