Tax on a 2nd Job

Tax on a 2nd Job

Anyone know how this works?

Im currently working 2 days but want to find another PT job for over the summer since finishing Uni want to weigh up if its worth it or not

i think it will depond on your income on 1st job

Do you pay tax at all in your first job?

If you do you will get a BR taxcode in the 2nd job meaning you will pay 22% tax on everything you earn in that job

If you dont currently pay tax then you could split your taxcode between the two

aye itll depend on current code and income...you don't just get auto shafted

my mate had 2 jobs for ages to fund his travels and didnt pay over the odds in tax

you usually have your tax allowance on your first job i.e. 532l

you will then pay base rate tax on your 2nd job which is 22% on everything you earn

sucks really

So If someone was to take on a second job... and were earning more money doing their second job.... should they try and work it so that the BR tax code goes on the first job.. it would save them money wouldn't it?

Not really! If they didn't do that then people could dodge tax by getting one part time job and then doing loads of other jobs tax free.

Any other job should be taxed like your main job, just think of it as overtime. You still get taxed on that.

Yes. But you need to forget about jobs, you being Welsh that shouldn't be hard. It is all about you getting your tax allowance against your highest income.It doesn't matter how many separate jobs you have - you are only given one allowance.

The best thing to do is apply your taxcode to your highest paid job, your allowed to apply your taxcode to any job

A taxcode gives you a personal allowance of money per year tax free (The std this year 522L, gives you £5220 tax free)

If you werent using the full allowance on either job you can split the taxcode between two jobs

I earn about £130 a fortnight at my second job and pay about £30+ back in tax.

Surely being willing and able to work a 60-hour week when some lazy f-kers can bearly manage to walk to the dole queue should qualify me for tax exemption on my second job?

I'm practically sponsoring a doley at this rate.