Second job

Matt_22

If you get cleared by HR to take a second job for a certain period. How does your second employ pay you as I wouldn't have a P45. Are they any pitfalls of taking a second role? Thanks

elsien

https://community.hmrc.gov.uk/customerforums/pt/40c413a0-5f98-ee11-a81c-002248c61c9e

Matt_22

Thanks for your link. So I would just be paid with my original tax code? I wouldn't be breaking the tax fresh hold

Hoenir

Starter checklist for PAYE

https://www.gov.uk/guidance/starter-checklist-for-paye

Dazed_and_C0nfused

Matt_22 said:

Thanks for your link. So I would just be paid with my original tax code? I wouldn't be breaking the tax fresh hold

No, you would have a separate tax code for the new job.

This would often be BR (basic rate) so you would pay 20% tax on the second job.  And nothing would change with your existing job.

If the second job takes you into higher rate tax territory then it would be different.

stu12345_2

you can ask inland revenue to split tax allowances per job eg one job you earn £7000 and the other £5000 , then no tax will be paid on either job if both jobs add up to below your tax allowance.

so ask for £7000 allowance for first job and a £5000 allowance for second job.


so give them a phone call and ask them to split the allowances.

my wife did this, as if she didn't , then her second job at £5000 would be taxed at 20% on everything until end of tax year then she would have to wait a few months until inland revenue had done a full year tax calculation and refund her on her second job that she was taxed on for the year 

so you have a choice, let things run on 20% tax on second job and await a large tax refund at end of tax year or contract inland revenue and split the allowances now so no tax is paid and hence no refund should be due

Matt_22

Thanks is tax not usually paid at 20% on my current job? This is the base rate?

Dazed_and_C0nfused

Matt_22 said:

Thanks is tax not usually paid at 20% on my current job? This is the base rate?

Yes.  But only after your tax code has been applied.  That is often 1257L and means no tax is paid on the first £1,048 each month.

With a second job with tax code BR it would be 20% on all the income from the second job.

Matt_22

Thanks so if you get a second job then take code would be BR?

Matt_22

I work in construction someone also mentioned getting paid by C.I.S? I think this means they take the tax and national insurance off before they pay you?

Dazed_and_C0nfused

Matt_22 said:

I work in construction someone also mentioned getting paid by C.I.S? I think this means they take the tax and national insurance off before they pay you?

CIS is for people who are self employed running their own business, not employees.