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2nd Job - Scotland
hbhanot
Posts: 1 Newbie
in Cutting tax
I am looking to get a second job, I am in Higher tax band 42% in my main job, if i get second job my overall salary will be within band 42%, not planning to earn more than 10 to 12000 a year.
Is tax on my second job will be 42%?
Is tax on my second job will be 42%?
0
Comments
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Yes, unless your total taxable income reaches £75,001.hbhanot said:I am looking to get a second job, I am in Higher tax band 42% in my main job, if i get second job my overall salary will be within band 42%, not planning to earn more than 10 to 12000 a year.
Is tax on my second job will be 42%?
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You could of course split your tax free allowance over both jobs - would not make any difference overall though.1
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True but it would be highly likely that there would always be some adjustment needed after the end of the tax year. Either extra tax to pay or a refund.DE_612183 said:You could of course split your tax free allowance over both jobs - would not make any difference overall though.
With that level of income leaving the current tax code in place at the existing job and having a SD1 code at the new job will keep life simpler.0
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