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Thread: Having 2 jobs - tax??

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    Regular Member Gregg's Avatar
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    Default Having 2 jobs - tax??

    In this climate i consider myself lucky to have one Job on 37 hrs a week however i am a man in demand and have been asked to work around 10 more hours a week
    I currently am paid by the Council each month around £2k before tax, with the new addition of hours ill be getting around £800 extra per month before tax BUT from another pay area (School paying direct)

    Anyone got any ideas on the tax side of things or will it be alright and ill pick up a decent wedge extra

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    Regular Member davree's Avatar
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    Vehicle : Insignia

    Trim : SRi

    Engine : 2.0 CDTI (160)

    Year : 2010

    Mileage : 26000

    Default

    I also have two jobs and I think you get taxed normally on your first jobe and you get higer rate of tax on the second.

    Dont quote me on that though, I only earn a small amount on my second job and I am not sure on how much I am taxed.

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    Put your details into this calculator, http://listentotaxman.com/

    Hope this helps

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    Regular Member Gregg's Avatar
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    Superb link ill have a peek

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    Regular Member Gregg's Avatar
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    Well from a rough bit on that site ill be giving away 7K over the year

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    Total Deductions £427.15 a year

    i only work 10 hours a week..and im a student

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    Usually when you have a second job, the second employer will use a tax code "BR" which means that all of the second income will be subject to tax at the standard rate to start with. So if you earn £1000 in your second job, you'll pay 20% on all of it - i.e. £200. In other words, none of it is tax free. If it turns out that the two jobs together mean that you should then be paying a higher rate of tax than 20%, you'll have to take responsibility for paying that through your tax return, and subseqently, the Tax Office may amend your tax code on your FIRST job to collect that additional tax in future years. BOTH employers should provide you with a P60 End of Year Certificate which you can then use to finalise your overall tax liability with the Inland Revenue through your tax return. Equally, if you finished up paying too much tax overall, because of the BR tax code on the second job, you could then reclaim at the end of the tax year through your tax return. One bit of good news is that you will probably find you pay less national insurance on the amount you earn on the second job than if you earned the same amount extra on the first job instead. Hope this helps.

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    What the **** do you do for the council that pays £24k a year?!?

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    Quote Originally Posted by _ZS_ View Post
    What the **** do you do for the council that pays £24k a year?!?
    It works out to 24k with all the extras, base rate is 21k
    I work coaching in Clubs / Schools and Performance Centres.
    Reason for decent pay and this additional work is i am one of the best qualified sports coaches in the area, i have recently turned a job down working for the FA as i want to become a Coaching manager / mentor for younger sports coaches and fortunately thats were the government are pumping alot of Money at the moment.

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    Quote Originally Posted by _ZS_ View Post
    What the **** do you do for the council that pays £24k a year?!?

    I would not consider 24k to be a well payed job, especially not these days in 2009. Sufficient perhaps, but not well paid.

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