second job -more tax ,can I get rebate

angeleyes

Hi
In august I got a second job my tax code in my first job is the general single one (522l or something)
I pay a higher rate of tax in my second job and will combined with F/Tjob only reach at most prob £20k.

Is there anyway of getting a reduction to the normal allowance in my second job and get a refund
any advice

jem16

If the tax code applied to your 2nd job is BR ( Basic Rate) then you are likely to be paying the correct amount.

Are you earning more than £7455 in your 1st job?

angeleyes

yes BR in second job and more than 7k in main job,
silly really cos correct me if wrong ,If i did zillions of o/t in main job wouldnt pay extra tax til earn about 40k- people have second jobs cos they need the money ...so the goverment tax more..makes loads of sense doesn't it

CLAPTON

If you earn overtime in your main job you pay tax at the rate of 22% and NI contributions of 11% on the overtime.

If you have a second job then you pay tax at a rate of 22% but your NI contributions are only 11% on the amount over 100 per week.

So you second job has LOWER deductions than earning the same amount in overtime in your main job.

Unfair for people earning overtime isn't?

chrisbur

angeleyes wrote: »

yes BR in second job and more than 7k in main job,
silly really cos correct me if wrong ,If i did zillions of o/t in main job wouldnt pay extra tax til earn about 40k- people have second jobs cos they need the money ...so the goverment tax more..makes loads of sense doesn't it

As far as tax is concerned you will be due to pay the same amount of tax whether your earnings come from one, two, or any number of jobs. The codes that you have for your two jobs will give the same total tax due as if you had earned all your money in one job. If there is a small differance it will be worked out at the end of the year and if you have overpaid it will be paid back to you. If it is in the other direction it is usually carried forward to next year I believe.

On the figures you have given you will pay less National Insurance as a result of having two jobs than you would if these earnings all came from one job. Also you may well be entitled to some benefits being paid for both jobs for example statutory sick pay.