Tax on 2 part time jobs

Enterfunnynamehere

I have just secured a 2nd part time job and would like to know what happens next regarding tax etc.
My first 'main' part time job is from 10am to 3pm working 6 days a week and earning £9750 a year before tax.
The second job i have got is mon-friday 5pm to 7pm and would roughly be £3696 a year before tax.
Do i pay 20% on my 2nd job regardless of the low income or is there a threshold etc?

Any thoughts or help would be gratefully apprieciated

19lottie82

I imagine your income from your first job will take you over your personal tax free allowance, so yes, you will pay 20% tax on your second job no matter how little you earn.

Mudd14

You can split your free allowance between two jobs but seeing as your first 'main' employment is over the personal allowance of £7475 it would be pretty pointless.

KiKi

You have a tax allowance of £7475 (tax code 747L) on your total earnings each year before you pay tax (assuming you have no benefits in kind or other tax related issues which affect your tax code). This goes up to £8105 in April. For you, all earnings over that are taxed at 20%.

The easiest thing to do is to apply that personal allowance to the first job, so that you use your entire allowance on your first job. You will be charged 20% tax on anything over 7475 in job 1, and job 2 is then taxed at 20% for everything you earn.

You *could* split the allowance between the two then pay 20% tax on everything over the allowance on each job, but the outcome is the same and it's much more complicated. Just let HMRC know how you want to do it. I'd imagine that they will automatically do what I suggested first, so your tax code for your second job will be 'BR' - ie, everything taxed at basic rate of 20%.

HTH
KiKi

Notmyrealname

To sum up:

You get only one lump of tax free allowance. You will pay no more tax on two jobs than you would on one job earning the same amount as the two jobs combined.

One way to do it merely requires you to complete a P46 stating that it is not your main job. You will then pay 20% tax on every penny you earn at that job.

The other way involves a lot of faff and really isn't worth it for no gain whatsoever.

Enterfunnynamehere

Thankyou very much guys,its as i thought it was,just double checking:D