How is tax calculated if do 2 jobs?

CLAPTON

bigsaver2010 wrote: »

I will be earning more than that in both jobs individually, so does it make any difference?

so then it makes no difference to your total tax per year or your tax per month (assuming your total income is below the 40% tax band... then the total tax due per annum would still be the same but there may be some practical difficulies is getting the codes correct)

bigsaver2010

Ok, so I will be earning under the 40% tax bracket. My P45 is with my existing employer of 7 years where I will remain on 2 days per week. So no point in transferring it to the new employer where I will be 3 days per week? Who would I need to inform that I am doing 2 jobs?

CLAPTON

bigsaver2010 wrote: »

Ok, so I will be earning under the 40% tax bracket. My P45 is with my existing employer of 7 years where I will remain on 2 days per week. So no point in transferring it to the new employer where I will be 3 days per week? Who would I need to inform that I am doing 2 jobs?

normally you would need to tell your second employer that you already have a job so they can set you up with a BR taxcode

in your specific situation of having two jobs with the same employer I've no idea