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    Second Job - Pay extra tax????

    Banned
    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

    7 Comments

    Banned

    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)

    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.

    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.

    hmrc.gov.uk/rat…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.

    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

    Best thing to do is get a second job on the" fiddle" ! and dont pay nothing except tax in the first job .

    ricko;4192803

    Best thing to do is get a second job on the" fiddle" ! and dont pay … 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!

    Original Poster Banned

    guilbert53;4192313

    It does not matter if you have one job or 50 jobs, what is important is … 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.htmSo 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
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