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Tax on a second job.

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

So for those of you who may have a second job to make ends meet do you feel its fair that you pay tax on this second job. It seems wrong when people that do have to do this are taxed again when there are people claiming benefits who could work but refuse to.

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

I also worked on the 'bank' alongside my usual job at the hospital, gave it up it wasn't worth my while in the end....

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By *nnyMan
over a year ago

Glasgow


"So for those of you who may have a second job to make ends meet do you feel its fair that you pay tax on this second job. It seems wrong when people that do have to do this are taxed again when there are people claiming benefits who could work but refuse to.

"

Two jobs. Two incomes. Two tax bills.

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By *ugby 123Couple
Forum Mod
over a year ago

O o O oo

Do you have to pay more tax on a second job or just the normal tax on both?

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

Your not a sitting MP by any chance are you.

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By *iewMan
Forum Mod
over a year ago

Angus & Findhorn

Tax on total earnings is right one, two or how many jobs

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By *icecouple561Couple
Forum Mod
over a year ago

East Sussex

as I understand it you pay tax after your allowance and within certain brackets on what ever you earn and from whatever source so if you pay no more tax on two jobs earning say, £1000 per month than one job paying the same. Could be wrong though

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By *nnyMan
over a year ago

Glasgow


"Do you have to pay more tax on a second job or just the normal tax on both?"

If you put yourself over a higher rate tax threshold you'll pay at that rate.

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By *icecouple561Couple
Forum Mod
over a year ago

East Sussex


"Tax on total earnings is right one, two or how many jobs"

so why would it be unfair to pay tax on your second job?

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

More on the second job.

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By *iewMan
Forum Mod
over a year ago

Angus & Findhorn


"Tax on total earnings is right one, two or how many jobs

so why would it be unfair to pay tax on your second job? "

I don't think it is

I have 2 incomes and I pay tax on both

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By *nnyMan
over a year ago

Glasgow

Not that I'm suggesting its the case here but so many second jobs are off the books / cash on hand.

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By *wingerdelightCouple
over a year ago

eastliegh

of course you should pay tax on a second job as long as your earning more than the threashold

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

Tax is one of those things that everyone hates paying, and the more you earn the more you pay!

Life's a bitch!

But I do agree with the comment about people who could work, but choose not to. (not people who can't work, for whatever reason)

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By *issBehavingxxWoman
over a year ago

Glasgow


"Do you have to pay more tax on a second job or just the normal tax on both?"

If you use up your tax allowance on 1 job... any earnings from a 2nd job are taxed at the standard rate, but without the tax free allowance.

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By *ugby 123Couple
Forum Mod
over a year ago

O o O oo


"Do you have to pay more tax on a second job or just the normal tax on both?

If you put yourself over a higher rate tax threshold you'll pay at that rate."

Of course....but not quite what I meant

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By *icecouple561Couple
Forum Mod
over a year ago

East Sussex


"Tax on total earnings is right one, two or how many jobs

so why would it be unfair to pay tax on your second job?

I don't think it is

I have 2 incomes and I pay tax on both"

neither do I but the op asked if it was

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By *iewMan
Forum Mod
over a year ago

Angus & Findhorn


"Tax on total earnings is right one, two or how many jobs

so why would it be unfair to pay tax on your second job?

I don't think it is

I have 2 incomes and I pay tax on both

neither do I but the op asked if it was "

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By *ugby 123Couple
Forum Mod
over a year ago

O o O oo


"Do you have to pay more tax on a second job or just the normal tax on both?

If you use up your tax allowance on 1 job... any earnings from a 2nd job are taxed at the standard rate, but without the tax free allowance."

Ah right thanks, so you don't end up paying any more tax than if it was one job

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

Absolutely it's right to do so.

In any given tax year, the fair and correct amount of tax will be settled, eventually. Except that the system is now fucked up and more complicated than it ever was.

Mr Brown, you're a star, superstar. C*nt.

Where there may be a short term saving is in NHI payments if the second wage is low enough below the weekly/monthly thresholds, not cumulatively.

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

Generally, the annual tax allowance is given to the main employer. Tax is calculated on a cumulative basis through the year against fixed tables issued by HMRC. Some periods you may get a refund, sometimes quite large.

A second employer has no way of knowing what a first is doing, so generally no allowance is attached and so all earnings are taxed at least at a 20% tax rate.

If at the end of a year, there is spare allowance from the first job, the tax office will eventually match up the two P60's and should automatically issue a refund of tax for the second job.

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

Payslip from main job should have a tax code (eg 944l) , second job should have a tax code 0br - basic rate. this means you pay the same amount of tax if you are working for one employer or two.

If in doubt, check your p60 slips at the end of the year, add the numbers together and check you have paid the correct amount of tax using the 'listen to taxman' website. - can't recommend that site enough - found 500 quid in overpayments one year!

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


"Do you have to pay more tax on a second job or just the normal tax on both?"

No its a higher rate on the second one

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


"

Generally, the annual tax allowance is given to the main employer. Tax is calculated on a cumulative basis through the year against fixed tables issued by HMRC. Some periods you may get a refund, sometimes quite large.

A second employer has no way of knowing what a first is doing, so generally no allowance is attached and so all earnings are taxed at least at a 20% tax rate.

If at the end of a year, there is spare allowance from the first job, the tax office will eventually match up the two P60's and should automatically issue a refund of tax for the second job.

"

I wish, I have yet to receive a tax refund from any of my jobs

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By *ugby 123Couple
Forum Mod
over a year ago

O o O oo


"Do you have to pay more tax on a second job or just the normal tax on both?

No its a higher rate on the second one"

Not really....if your tax alowance is used on your first job then it just means you pay tax without the allowance on the second job.

If it was just one job it would be the same amount of tax as you would be getting taxed after your personal allowance.

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By *icketysplitsWoman
over a year ago

Way over Yonder, that's where I'm bound


"Do you have to pay more tax on a second job or just the normal tax on both?

No its a higher rate on the second one

Not really....if your tax alowance is used on your first job then it just means you pay tax without the allowance on the second job.

If it was just one job it would be the same amount of tax as you would be getting taxed after your personal allowance."

It may APPEAR that more is being taken on the second job but it won't be overall.

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By *nnyMan
over a year ago

Glasgow

But if the income from job2 takes you over the higher rate tax band lower limit, you pay the higher tax rate on earnings over that limit.

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By *ugby 123Couple
Forum Mod
over a year ago

O o O oo


"Do you have to pay more tax on a second job or just the normal tax on both?

No its a higher rate on the second one

Not really....if your tax alowance is used on your first job then it just means you pay tax without the allowance on the second job.

If it was just one job it would be the same amount of tax as you would be getting taxed after your personal allowance.

It may APPEAR that more is being taken on the second job but it won't be overall.

"

Thanks, that is what I was trying to get at

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By *ugby 123Couple
Forum Mod
over a year ago

O o O oo


"But if the income from job2 takes you over the higher rate tax band lower limit, you pay the higher tax rate on earnings over that limit.

"

We know

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

The new RTI system will ensure the right tax code is issued and hence the correct amount of tax on the second job is collected

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By *ollie_JCouple
over a year ago

London

And remember it is not the employers responsibility to make sure your tax code and what you pay is correct it's yours,

Your allowance or lack of allowance (this disappears after £100k on a sliding scale) is used on your total income irrespective of employer.

Normally your first employer will deduct this, the second may not know.. You may end up with a tax bill unless you tell the second employer what is happening in the first.

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

Yes always fill out a P46 accurately for the second employer

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


"Tax on total earnings is right one, two or how many jobs

so why would it be unfair to pay tax on your second job? "

I am not sure he is saying that as I read it that, the total earnings from all jobs is added together then taxed as opposed to the present system

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


"I also worked on the 'bank' alongside my usual job at the hospital, gave it up it wasn't worth my while in the end.... "

I'd agree there especially given the minimum wage has gone up a whole 12p to 6.31 per hour so it says on my pay slip, frantically trying to think what I could spend that on lol

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