Second Job - Pay extra tax???? - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HotUKDeals, you accept our cookie and privacy policy.
Get the HotUKDeals app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit

Second Job - Pay extra tax????

£0.00 @
Well,ive just been told mine and everyone elses hours are being cut :( but going back to normal possibly in a few months when the company is 'back on track' Cant afford to live with the pay ill be ge… Read More
caraluvskittens Avatar
banned8y, 4m agoPosted 8 years, 4 months ago
Well,ive just been told mine and everyone elses hours are being cut :( but going back to normal possibly in a few months when the company is 'back on track'
Cant afford to live with the pay ill be getting - but if i get a second job do you pay alot more tax, in other words, will it be worth me doing it? Or best to get a new one alltogether
caraluvskittens Avatar
banned8y, 4m agoPosted 8 years, 4 months ago
Options

All Comments

(7) Jump to unreadPost a comment
Comments/page:
banned#1
You wont pay any more tax (unless you're earning more). Obviously only one job will have your personal allowances added though. (ie You'll pay tax on the whole amount for the second job)
#2
At my second job i get taxed at BR rate which works out roughly at 27.5% of my Gross wage, with the NI also included.
2 Likes #3
It does not matter if you have one job or 50 jobs, what is important is how much you earned during a tax year.

The tax year runs April 6th to April 5th, so everything you earn during that perod is added up and you pay tax on it.

So if you had one job earning £25,000 in one year, or 25 jobs earning £1,000 in one year, you would pay the same amount of tax (this is so people who have lots of "little" jobs in a year, like say a model or musician dont lose out on someone with just one job).

The important thing to do at the end of the tax year is to add up everythng you earned and check you have paid the right amount of tax. If you have "part time" jobs you may pay an emergency tax (not the correct tax) and that needs to be sorted out at the end of the year.

Here are the various tax bands.

http://www.hmrc.gov.uk/rates/it.htm

So you can see that in the first table most people have a "personal allowance" this year of £6035 (you can earn £6035 before you pay any tax at all)

Then if you scroll down a bit, you see you can earn up to £34,800 (plus your personal allowance) and you pay only 20% tax on that.

So basically you can earn up to about £40,000 a year and only pay 20% tax on £34,800 of it.
#4
So basically if someone earns only about 9k per year but DID pay tax all year he can claim it back?
(at least for the first 6035 in that year)
Just checking cuz a friend asked me a few days ago about this.
Saves me starting a separate thread :)
#5
Best thing to do is get a second job on the" fiddle" ! and dont pay nothing except tax in the first job .
#6
ricko
Best thing to do is get a second job on the" fiddle" ! and dont pay nothing except tax in the first job .


Surely, if you're prepared to break the law, the best thing to do would be to steal as much as possible, IE Brinx Mat, Great Train, etc!
banned#7
guilbert53
It does not matter if you have one job or 50 jobs, what is important is how much you earned during a tax year.

The tax year runs April 6th to April 5th, so everything you earn during that perod is added up and you pay tax on it.

So if you had one job earning £25,000 in one year, or 25 jobs earning £1,000 in one year, you would pay the same amount of tax (this is so people who have lots of "little" jobs in a year, like say a model or musician dont lose out on someone with just one job).

The important thing to do at the end of the tax year is to add up everythng you earned and check you have paid the right amount of tax. If you have "part time" jobs you may pay an emergency tax (not the correct tax) and that needs to be sorted out at the end of the year.

Here are the various tax bands.

http://www.hmrc.gov.uk/rates/it.htm

So you can see that in the first table most people have a "personal allowance" this year of £6035 (you can earn £6035 before you pay any tax at all)

Then if you scroll down a bit, you see you can earn up to £34,800 (plus your personal allowance) and you pay only 20% tax on that.

So basically you can earn up to about £40,000 a year and only pay 20% tax on £34,800 of it.


Wow thanks for taking all that time to explain :)

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!