Tax code help?

Beauty_Sarah

Morning guys, not sure if this is the correct part of the forum for this kind of question...

I have had a second job now (p/t) for nearly 4 years and have always been on BR code, which I thought was normal. Someone mentioned to me that I should have been given a tax code thou, is that correct guys?

CLAPTON

assuming your first job uses up your tax allowance i.e you earn more than 6475 per annum and have a tax code of 647L on that job, then your second job should be taxed at BR (which means you pay 20% on everything).
so it probably is correct

Beauty_Sarah

CLAPTON wrote: »

assuming your first job uses up your tax allowance i.e you earn more than 6475 per annum and have a tax code of 647L on that job, then your second job should be taxed at BR (which means you pay 20% on everything).
so it probably is correct

Great thanks for the info.

I have student loan deductions every month from my main job providing I do overtime as my basic salary in f/t job does not warrant any student loan deductions due to me not earning enough.

With my second job (p/t job) should student loan deductions be taken away from this? as it is an extra income on top of my main job I was worried it would be but nothing seems to be deducted?

CLAPTON

Beauty_Sarah wrote: »

Great thanks for the info.

I have student loan deductions every month from my main job providing I do overtime as my basic salary in f/t job does not warrant any student loan deductions due to me not earning enough.

With my second job (p/t job) should student loan deductions be taken away from this? as it is an extra income on top of my main job I was worried it would be but nothing seems to be deducted?

As long as the two jobs are with different employers then each employer uses the 15,000 rule seperately; so your part time job would not have any slc deductions: a bit like NI rather than tax

Beauty_Sarah

CLAPTON wrote: »

As long as the two jobs are with different employers then each employer uses the 15,000 rule seperately; so your part time job would not have any slc deductions: a bit like NI rather than tax

Great ! thanks for the info again really helpful !

Can I ask just one more question

I have just recently started paying csa contributions (child support) which comes directly out of my bank account based on my f/t job. They are not currently aware of my p/t job and having just started using them for child support will they automatically pick up that I have a second p/t job via my tax code or NI or do I need to make them aware?

More importantly if I do not make them aware will they find out? reason why I ask is a friend of mine who actually works with me has been doing this for a number years (or so they say) and have always only paid a contribution based on their f/t job.

Hope someone can clear that up for me

CLAPTON

Sarah
I know nothing about csa so I can't help there

you have also sent me a PM
I'm afraid the info there is just wrong

if you have two employments then each has it's own tax code; the larger employment usually has the tax allowance allocated to it i.e. 647L and the smaller is taxed at BR (i.e. at 20%). So for tax puposes
as far as student loans are concerned, if you have two employments they are calculated according to the 15k rule seperately just like NI
see
http://www.hmrc.gov.uk/helpsheets/e17.pdf
(bottom of page 14)

who says the HMRC aren't warm caring people.

Mikeyorks

CLAPTON wrote: »

who says the HMRC aren't warm caring people.

....... indeed! Even rocks get warm in the sun.

Beauty_Sarah wrote:

With my second job (p/t job) should student loan deductions be taken away from this

No - Clapton, as usual, is quite right. But ...... if you're ever required to make an SA Return whilst in that situation of 2 jobs then the total income will be assessed for SLC. Which can be quite a shock ...... as you will then finish paying 9% on everything above £15k.

Beauty_Sarah

Mikeyorks wrote: »

....... indeed! Even rocks get warm in the sun.



No - Clapton, as usual, is quite right. But ...... if you're ever required to make an SA Return whilst in that situation of 2 jobs then the total income will be assessed for SLC. Which can be quite a shock ...... as you will then finish paying 9% on everything above £15k.

I do not like the sound of a SA return, on what basis would i be asked or need to do one of these? ( i take it you mean self assessment)

Mikeyorks

Beauty_Sarah wrote: »

( i take it you mean self assessment)

Yes - Self Assessment.

It's unlikely if your earnings / interest are relatively modest. But if your tax affairs become anything but simple .... it can happen.

And you then bump into this odd anomaly that you don't pay SLC on a 2nd job under £15k. But you have to pay on your total income if you get 'invited' into SA for any reason.