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  • FIRST POST
    • markoneill27
    • By markoneill27 5th Mar 18, 12:03 PM
    • 2Posts
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    markoneill27
    Two Jobs - Tax and Hassle
    • #1
    • 5th Mar 18, 12:03 PM
    Two Jobs - Tax and Hassle 5th Mar 18 at 12:03 PM
    Hi everyone,

    Looking for help on my tax situation, but first I'll list all the information below.

    1st job - 30 hours

    Salary - 13000
    Tax free - 11500

    2nd job - 10 hours

    Salary - 4500
    Tax free - 0

    So I would pay tax at 20% on 6000 which would make that 1200/year?

    Does this seem right or have I missed something?

    Also my main question is

    Am I better doing any overtime and if so is there a limit where doing 3/5 hour shifts becomes pointless due to the amount of tax I would pay?
Page 1
    • Linton
    • By Linton 5th Mar 18, 12:48 PM
    • 9,387 Posts
    • 9,519 Thanks
    Linton
    • #2
    • 5th Mar 18, 12:48 PM
    • #2
    • 5th Mar 18, 12:48 PM
    You are getting 17500/year income and so with an allowance of 11500 you should be paying tax on 6000=1200, which you are. It doesnt matter whether your income comes from 2 jobs or overtime or whatever, you are taxed on the total and the tax codes set to ensure that is what you pay. With multiple jobs you can assign the allowance however you wish - just ask HMRC to adjust the taxcodes accordingly.
    • pjcox2005
    • By pjcox2005 5th Mar 18, 1:08 PM
    • 524 Posts
    • 580 Thanks
    pjcox2005
    • #3
    • 5th Mar 18, 1:08 PM
    • #3
    • 5th Mar 18, 1:08 PM

    Also my main question is

    Am I better doing any overtime and if so is there a limit where doing 3/5 hour shifts becomes pointless due to the amount of tax I would pay?
    Originally posted by markoneill27


    Yes, still worth doing overtime. You'll be taxed on it but you won't ever be worse off as you'll get close to 70% of your hourly rate.
    • badmemory
    • By badmemory 6th Mar 18, 2:38 AM
    • 1,624 Posts
    • 2,157 Thanks
    badmemory
    • #4
    • 6th Mar 18, 2:38 AM
    • #4
    • 6th Mar 18, 2:38 AM
    If you are doing overtime on your second job then you won't be paying NI, so only 20% as long as you keep it fairly low each week/pay period. If it is on your first job then you will be paying tax & NI. So the most financially beneficial is overtime on your second job.
    • ChuckMountain
    • By ChuckMountain 6th Mar 18, 9:51 AM
    • 148 Posts
    • 47 Thanks
    ChuckMountain
    • #5
    • 6th Mar 18, 9:51 AM
    • #5
    • 6th Mar 18, 9:51 AM
    If you are doing overtime on your second job then you won't be paying NI, so only 20% as long as you keep it fairly low each week/pay period. If it is on your first job then you will be paying tax & NI. So the most financially beneficial is overtime on your second job.
    Originally posted by badmemory
    To be clear you won't pay NI on your second job as you are earning under the NI limit at the moment. If you started to go over that limit you would pay NI 4,500 is 86 a week or so and the limit for no NI is 157 a week.

    Unlike your tax allowance, NI is per job and per time period so if you get paid weekly and you do a whole load of overtime you may well end up paying some.
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