2nd job and the relevant taxes??

Mr._Big_3

I’ve applied for a second job and was wondering how I’d pay taxes etc if I was to be successful.

My current full time job is £29,495 per year.

The second job would be £7.08 per hour with set hours of 21 per week. Pay I believe is every 4 weeks, so there would be 13 'pay days' per year taking the total salary for that second job to £7,731.36 per year

That would make my total income from both jobs £37,181.36

Bearing the above in mind, what rates of tax and NI would I pay on the second job? And as the second job pushes my total earnings above the £35k mark, does that mean I’d have to pay 40% tax and become a higher rate tax payer?

Mikeyorks

Code 'BR' on the 2nd job - so you pay tax at 20% on everything. Ensure you complete a P46 when you start and they (Tick box 'C' on the P46) operate BR from the outset.

The HR threshold is £42475pa .............. you need to add your 0% tax band (the personal allowance) to the £35k

http://www.hmrc.gov.uk/rates/it.htm