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2 Jobs, one full time and one part time. Part time job paying 2 months pay! Tax issue?!
Tada129
Posts: 1 Newbie
in Cutting tax
Hi all,
apologies for the title, I wasn’t sure how to summarise the issue adequately.
I have one full time job, which pays me over c. 26k and I have recently undertaken a second part- time role which pays c. 14k.
I started my second job in mid September and was told I missed the cut off date for September but will be paid September and Octobers salary in October which I have no real issue with only the fact that I have concerns that I will be taxed to the hilt which will take a while to sort.
(I do understand I will be paying a higher tax anyway as this is a second role)
I spoke to the payroll advisor for new job and explained my concerns about being paid two months pay in one, they advised to send my P45 over and it will be “alright” - I advised that I wouldn’t have a P45 as this is my second role and they then said fill in the new starter form and it should be “alright”
I’m getting a bit frustrated now with the back and forward as I don’t feel that they understand that my actual concern is that I’ll be getting paid twice from this employment and in the eyes of HMRC I’ll be earning double my actual salary NOT that this is my second job (as I am already prepared and aware of the taxing re this).
apologies for the title, I wasn’t sure how to summarise the issue adequately.
I have one full time job, which pays me over c. 26k and I have recently undertaken a second part- time role which pays c. 14k.
I started my second job in mid September and was told I missed the cut off date for September but will be paid September and Octobers salary in October which I have no real issue with only the fact that I have concerns that I will be taxed to the hilt which will take a while to sort.
(I do understand I will be paying a higher tax anyway as this is a second role)
I spoke to the payroll advisor for new job and explained my concerns about being paid two months pay in one, they advised to send my P45 over and it will be “alright” - I advised that I wouldn’t have a P45 as this is my second role and they then said fill in the new starter form and it should be “alright”
I’m getting a bit frustrated now with the back and forward as I don’t feel that they understand that my actual concern is that I’ll be getting paid twice from this employment and in the eyes of HMRC I’ll be earning double my actual salary NOT that this is my second job (as I am already prepared and aware of the taxing re this).
I thought I’d ask here if anyone has been in a similar situation before and what was the solution / how did it go for you?
0
Comments
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It will work itself out.
I assume on the starter form you ticked box C as you have another job. If so then you will be put on BR tax code & taxed a flat 20% on everything in that job. It just means you'll be taxed in one go instead of over 2 months.0 -
All you need to do is complete a new starter declaration and give that to your new employers payroll department.
Statement C seems appropriate here.0 -
As all your personal allowances are used up on your full time job your part time job will be due to be taxed on Basic Rate.
So it wonlt matter that two months are paid at the same time. The tax due will be the same- double tax for double income.
You do not get two lots of personal allowances because you have two jobs.
1 -
What you need to watch out for is if your employer just puts this through the payroll as one month for national insurance rather than adjusting the NI deduction to cover what would be owed for two separate months.
This may not apply if both jobs with same employer.
Section 3.1.5
https://www.gov.uk/government/publications/cwg2-further-guide-to-paye-and-national-insurance-contributions/2022-to-2023-employer-further-guide-to-paye-and-national-insurance-contributions
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