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Second job tax code?

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Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Xyz wrote: »
    Hi, I'm going to be taking a 6 month unpaid leave from my job. During this time I'll not be entitled to any sick leave and I will not be accuring any annual leave.My tax code is 810L and I my salary comes to approximately £30.000 a year.
    During this time off I intend to work in the pub, earning £7 per hour and work unspecified amount of hours ( likely 40 odd hrs a week)

    I'm confused about my tax/tax code.....will I get P45 from my current employer? If not will my pub job clasify as a 2nd job (BR tax code @20%?)


    Thanks
    Xyz


    You will only get a P45 if you resign/leave.

    If you are staying employed but on unpaid leave then your pub job will be a second job and so you will be taxed on 20% on BR plus normal NI
  • Xyz
    Xyz Posts: 2 Newbie
    Thank you for the quick reply....just one more thing....
    There is a strong possibility that I'll resign from my current employment during the 6 month leave....from the tax/money saving purposes it would appear the sooner I do it, the sooner my pub job will get better tax code/tax allowance?

    Thank you
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Xyz wrote: »
    Thank you for the quick reply....just one more thing....
    There is a strong possibility that I'll resign from my current employment during the 6 month leave....from the tax/money saving purposes it would appear the sooner I do it, the sooner my pub job will get better tax code/tax allowance?

    Thank you


    I have no idea whether is a good thing to resign as I don't know anything about the job or your circumstances

    but if you resign you will get a P45 which you then give to your new employer and as taxed in the normal way with a tax allowance.
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