Another 2nd job tax question!

Lethal_Brizzle

Hello!

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!!

Savvy_Sue

Lethal_Brizzle wrote: »

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?

Yup, should be.

Lethal_Brizzle wrote: »

- does this mean I will be taxed a straight 20% (£60-20%=£48 p/shift)?

Yes, but also if you do two shifts in any week you may have to pay a small amount of NI (which won't be reclaimable even though you also pay it in your f/t job).

Lethal_Brizzle wrote: »

- I have student loan deductions on my full time job, with there be deductions on the second job too?

I'm not sure how that works on 2nd jobs: I know if you had self employed income then it would be picked up on your self assessment, but I'm not sure if it gets taken off a 2nd PAYE job.

It may get taken off your 2nd job direct because I believe there's a question about it on a P46, which you'd need to complete for the p/t job.

You are due to pay the extra, regardless.

CLAPTON

1 your tax will be 20%

2. Ni will be 12% for earning over £146 per week

3. student loan will be deducted for earning over 1,316 per month at 9%
however this liability exists at 9% of earnings if you complete a self assessment form.

Lethal_Brizzle

Thank you both!!

nomunnofun

Quote:
Originally Posted by Lethal Brizzle
- I have student loan deductions on my full time job, with there be deductions on the second job too?

I'm not sure how that works on 2nd jobs: I know if you had self employed income then it would be picked up on your self assessment, but I'm not sure if it gets taken off a 2nd PAYE job.

It may get taken off your 2nd job direct because I believe there's a question about it on a P46, which you'd need to complete for the p/t job.

You are due to pay the extra, regardless.

The second employer may well receive a notice to deduct student loan contributions but only has the ability to do so if the earnings from that job also exceed, as Clapton says, £1316 per month.