2nd job tax

ehayes566

I work full time on 19,000 a year before tax. I am looking to get another evening job to get some extra money coming in, but i wanted to know if it is worth my while doing it or will i get taxed loads for having 2 jobs?

Thanks you

Emily

Leo2020

Personal Allowance for 2013-14 tax year is £9,440 (Income limit is £100,000).

You get taxed for everything you earn over £9,440 it doesn't matter if your income is split over 2 jobs, 3, etc. You will be taxed just the same.

Obviously the more you earn the more tax you will pay. It's not that having two jobs means more tax it is that you have an higher income.

ehayes566

Hi Leo,

Thank you that is exactly what i wanted to find out!! do you also no if it will affect my tax in my normal full time job -will my tax code change at all in that job - or will i just get taxed as normal and then as normal in my 2nd job but just be more tax as i am earning more like you said - i hope that makes sense

they dont make it easy for me to understand

basically i work 42.5 hours a week for the 19,000 before tax and i need a higher income so i am looking to get a job for just 2 evenings a week (approx 8 hours a week) - what i am looking to work out - is it worth getting the extra job or after all the tax is taken away will i be left with not a lot extra anyway?!

Please let me know if you can help me with this! xx

chrisbur

In your circumstances you will pay 20 pence tax for every pound you earn in your second job. Provided that the two jobs are not connected in any way you will pay no national insurance unless your second job's earnings go above £149 a week.
The tax office may at some point split your tax code between the two jobs but this will not alter the overall amount that you pay.

madsaintuden

in my situation I work two jobs.

job one is 16 hpw and pay £5600 pa (no tax)

job two is 5 hpw and pay £1300 pa....

While job two should be no tax I am in fact taxed on this job and, if I don't get it back on the next pay day as it's the start of a new financial year I will have to write in and ask for a rebate.

My point is that it might not be straightforward and any extra reward from the job may come once per financial year as often 'the left hand doesn't talk to the right hand'.

anita.

chrisbur

madsaintuden wrote: »

in my situation I work two jobs.

job one is 16 hpw and pay £5600 pa (no tax)

job two is 5 hpw and pay £1300 pa....

While job two should be no tax I am in fact taxed on this job and, if I don't get it back on the next pay day as it's the start of a new financial year I will have to write in and ask for a rebate.

My point is that it might not be straightforward and any extra reward from the job may come once per financial year as often 'the left hand doesn't talk to the right hand'.

anita.

Your circunstances are different to the OPs you are not making full use of your allowance in your first job. To reduce this problem you need to contact HMRC with full details of your two jobs and ask for your tax code to be split between them, this will considerably reduce the tax you pay during the year though there may still be a small differance at tax year end.

quinechinoise

The easiest way to do it is to set your personal allowance tax code against your main (highest paying) job and set the standard BR tax code against the lower paying job, fill in a tax return at the end of the tax year and reclaim any excess tax paid.

Personally, I think juggling tax codes is an unnecessary headache. You pay the same tax whether it's immediately or at the end of the year. I'd always go for the most straightforward option.