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Second job tax?
Loz01
Posts: 1,848 Forumite
I'm sorry if this a very obvious question but I've googled and can't seem to find it. I work at the mo on average 20 hours a week so am looking for a second job to boost my savings. In my current job I don't earn the yearly tax free amount of 11k whatever it is (I earn about £800 a month)
So if I get a second job, is it flat rate 20% tax? Or can you earn up to the tax free threshold THEN get taxed on the rest of your earnings? Obviously if my second job is only one day a week then 20% tax might not make it worthwhile after petrol etc.
Thanks!
So if I get a second job, is it flat rate 20% tax? Or can you earn up to the tax free threshold THEN get taxed on the rest of your earnings? Obviously if my second job is only one day a week then 20% tax might not make it worthwhile after petrol etc.
Thanks!
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Comments
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You get the tax office, you can also do it yourself on line, to split your tax code between the 2 jobs so you pay the correct tax.0
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You can earn up to the threshold. So if you earn £9,600 from your current job, you can then earn another £1,400 before you reach the threshold. But you would, as molerat says, need to speak to the tax office to make sure that you get your tax codes sorted so you split your allowance and make sure each employer can pay any appropriate tax.
https://www.moneyadviceservice.org.uk/en/articles/pay-and-tax-when-working-in-more-than-one-job#your-tax-situation-if-you-have-a-second-jobAll posts are my personal opinion, not formal advice Always get proper, professional advice (particularly about anything legal!)0 -
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Thank you everyone
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TadleyBaggie wrote: »Personal Allowance for 2017/18 is £11,500. So they can earn another £1,900 without tax.
yes, you're right - I based my answer on the OP's figure without double checking
All posts are my personal opinion, not formal advice Always get proper, professional advice (particularly about anything legal!)0
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