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Tax question

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By (user no longer on site) OP   
over a year ago

I work on an agency at the moment but have just been offered a bank job with more money. Both jobs are as and when so what I need to know is do I change it so that the bank job is my main job or leave it as the agency job.

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By (user no longer on site)
over a year ago

difficult choice in your scenario... it should be the one that pays you the most money in the tax year

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By (user no longer on site) OP   
over a year ago

Hmm yep difficult, and sorry on phone didn't mean to post twice

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By (user no longer on site)
over a year ago

The higher of the two or set up on your own and contract yourself out to them both.

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By (user no longer on site) OP   
over a year ago


"The higher of the two or set up on your own and contract yourself out to them both."

How do you mean sorry just confuddled.

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By (user no longer on site)
over a year ago

You don't say if either/both/none of the jobs is as a PAYE employee or as a self-employed contractor?

As a contractor you take care of your own tax/N.I. contributions and there may be some things for which you can claim against your tax (work expenses etc).

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By (user no longer on site)
over a year ago

..and are both jobs in the same industry/sector?

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By *lanwoodMan
over a year ago

Alton


"I work on an agency at the moment but have just been offered a bank job with more money. Both jobs are as and when so what I need to know is do I change it so that the bank job is my main job or leave it as the agency job. "

Ultimately it won't matter as HMRC ought to provide a calculation at the end of the year collating all your income. PM me if you want to know more, as I work in this area.

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By *oole2010Couple
over a year ago

southampto

your highest paid job will be classed as the main job, as thats where you get you tax relief, the second job will be taxed at the full basic rate of 23 percent, if that rate is right.

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By *ranny-CrumpetWoman
over a year ago

King's Crustacean

Take the job that pays less.

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By *uckscouple2007Couple
over a year ago

Bucks

[Removed by poster at 21/05/12 20:13:43]

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By *uckscouple2007Couple
over a year ago

Bucks


"The higher of the two or set up on your own and contract yourself out to them both."

email Ken Livingstone for advice as he is unemployed now so has free time to reply to you and is known to use the above method for his earnings

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By (user no longer on site)
over a year ago


"The higher of the two or set up on your own and contract yourself out to them both.

email Ken Livingstone for advice as he is unemployed now so has free time to reply to you and is known to use the above method for his earnings "

Bad boy!

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By *uckscouple2007Couple
over a year ago

Bucks


"

Bad boy! "

whaaaaaaaaaaaaat ?

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By (user no longer on site)
over a year ago


"

Bad boy!

whaaaaaaaaaaaaat ? "

Don't you come the all innocent with me!! You're about as innocent as a puppy sitting next to a huge pile of poo with a hang-dog expression on it's face that says, "It wasn't me!"

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By *uckscouple2007Couple
over a year ago

Bucks

neit comrade

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By (user no longer on site) OP   
over a year ago

Only in here can a question about tax end up making me laugh

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By *uckscouple2007Couple
over a year ago

Bucks


"Only in here can a question about tax end up making me laugh "

so happy to oblige

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