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Tax on second jon
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JohnR
Posts: 70 Forumite
Hi, I'm trying to find a calculator that can tell me how much I would take home by taking on a second job. Its not as simple as putting in the total salary, because my pension contributions will be at different rates in each job.
Anyone know of any good links?
Anyone know of any good links?
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Comments
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It will depend completely on what you earn. Tax is 22% on all earnings if you have used your PAYE allowance on the first job.0
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DomRavioli wrote: »It will depend completely on what you earn. Tax is 22% on all earnings if you have used your PAYE allowance on the first job.
That's not true, tax would be at your marginal rate, not at 22%.
If you were earning over the HRT in your first job your second should be taxed at the higher rate.Thinking critically since 1996....0 -
DomRavioli wrote: »It will depend completely on what you earn. Tax is 22% on all earnings if you have used your PAYE allowance on the first job.
22% ?? Thought basic rate is 20% - or are you adding in the top bit of NI?0
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