2 jobs tax question!

leanne115_2

Hello everyone. I have just recently got a new job working 35+ hours a week. However my current work have asked me to keep on a couple of hours with them (literally 3 or 4 a week) which I have agreed to. Can someone tell me whether this will affect the amount of tax i pay? Will I be charged at a normal rate for my new job, and a higher rate for my old job, or the other way around?

Thanks for any help

CLAPTON

Presumbaly your current tax code is 810L.

When you start your new job you will be asked to fill in a P46.
On this form you will need to say you already have a job

Your new employer will put you on a BR tax code which means all your new salary will be taxed at 20% (i.e. no tax allowance).

You will need to contact HMRC and ask that they swap your tax allowance 8105 from your first job to you new job; your old job will then be taxed at BR i.e. 20%.

getmore4less

Check your new job allows you to do other work.

There is no highe tax on second jobs.

If the current job plans to continue to do PAYE then you would need the tax code sorting between the two jobs if the new job uses up all the allowance best to have it moved tothat and get the current job change to base rate.

AIUI
as you are not finishing the current job you would not get a P45 so will notify the new job with a P46 which should sort it out once that gets through to the tax office. might need a call tot the tax office if it does not get sorted automaticaly

ceeforcat

leanne115 wrote: »

Hello everyone. I have just recently got a new job working 35+ hours a week. However my current work have asked me to keep on a couple of hours with them (literally 3 or 4 a week) which I have agreed to. Can someone tell me whether this will affect the amount of tax i pay? Will I be charged at a normal rate for my new job, and a higher rate for my old job, or the other way around?

Thanks for any help

If you do not have a form P45, ensure that you ask for a P46 from your employer and tick box B. Then approach your part time employer and fill in another form P46 and tick box C. Otherwise you may not utilise all of your tax free allowances.

http://www.hmrc.gov.uk/forms/p46exemptonline.pdf

Lethal_Brizzle

Hi all!

Firstly I need to apologise to the OP for blatant high-jacking of their thread (I cant start my own threads yet as a newby).

I am considering taking a second job for a few months and I wondered if someone could check my understanding regarding tax.

I have a full-time job, I have checked and I am allowed to take on a second job. I have no other income from any other source e.g. WTC. I am single & earn more than min wage. My tax code is 810L and I do not intend splitting my tax code.

The potential second job pays £60 a shift and (I am expecting to do one or maybe two shifts a week). My questions are...

- will my tax code be BR on the second job?
- does this mean I will be taxed a straight 20% (£60-20%=£48 p/shift)?
- I have student loan deductions on my full time job, with there be deductions on the second job too?

Thanks, any advice greatly appreciated!!

McKneff

Being a newbie doesnt actually stop you from starting a new thread, just cut and paste into a new one.

Lethal_Brizzle

McKneff wrote: »

Being a newbie doesnt actually stop you from starting a new thread, just cut and paste into a new one.

Oops! I didn't think I was allowed until I had a certain number of posts. Thanks! New thread started.

McKneff

You just cant post links till you have so many posts.

And Welcome by the way............