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A second job and tax?

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

I'm asking the hardworking oldies here If you start a second job as part time how do you go about setting up between your two employers the joint amount your earning and how much more you should be taxed on the second job? I'd imagine some sort of paperwork needs to go between the two companies. Thanks James.

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By *icketysplitsWoman
over a year ago

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

No, it's all done on your tax code. It may mean that you overpay in the first year but you'll get it back.

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

Look on the hmrc website and you should find something there. Xx

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


"I'm asking the hardworking oldies here If you start a second job as part time how do you go about setting up between your two employers the joint amount your earning and how much more you should be taxed on the second job? I'd imagine some sort of paperwork needs to go between the two companies. Thanks James."

the inland revenue will give your second employee a taxcode to use which will reflect the fact that you have more than one job. Nothing will flow between the two companies only hmrc will know.

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

On second job you pay tax on every penny earned.

This was from a few years ago when I had 3 jobs.

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

Iv heard you pay more tax with 2 jobs and less tax for 3 jobs

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By *icketysplitsWoman
over a year ago

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


"Iv heard you pay more tax with 2 jobs and less tax for 3 jobs "

The tax free allowance remains the same no matter how many jobs you have. The more you earn over the tax allowance the more tax you pay, again regardless of the number of jobs.

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


"I'm asking the hardworking oldies here If you start a second job as part time how do you go about setting up between your two employers the joint amount your earning and how much more you should be taxed on the second job? I'd imagine some sort of paperwork needs to go between the two companies. Thanks James."

If you're paying all the tax you should on first job, then second job you'll be taxed on all earnings. I worked in pub and shop as second jobs and got taxed on everything x

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


"Iv heard you pay more tax with 2 jobs and less tax for 3 jobs

The tax free allowance remains the same no matter how many jobs you have. The more you earn over the tax allowance the more tax you pay, again regardless of the number of jobs.

"

Thanks for that

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

Cheers guy's that was a quick bit of help. Gonna try and expand my skills a bit in the working world.

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


"Iv heard you pay more tax with 2 jobs and less tax for 3 jobs "

not true

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


"I'm asking the hardworking oldies here If you start a second job as part time how do you go about setting up between your two employers the joint amount your earning and how much more you should be taxed on the second job? I'd imagine some sort of paperwork needs to go between the two companies. Thanks James.

If you're paying all the tax you should on first job, then second job you'll be taxed on all earnings. I worked in pub and shop as second jobs and got taxed on everything x"

only if the first job pays more than your tax free allowance.

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By *ophieslutTV/TS
over a year ago

Central

Often you'll get an emergency tax code, used by your second employer. The tax office will allocate a revised code to them, so there may be some need for some adjustment later. Or a rebate.

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


"On second job you pay tax on every penny earned.

This was from a few years ago when I had 3 jobs. "

not necessarily true. See post above.

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

I sometimes take work home from my 1st job and they pay me for it but I get taxed on that as well at 1/3rd of my extra work which ends up at roughly £3 an hour. But would I get a rebate on that eventually once it comes to the end of my tax year?

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


"I sometimes take work home from my 1st job and they pay me for it but I get taxed on that as well at 1/3rd of my extra work which ends up at roughly £3 an hour. But would I get a rebate on that eventually once it comes to the end of my tax year?"

short answer yes it should balance out over the course of the year but you might find you owe tax or are owed a refund at the end of the tax year.

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

I'd just like to congratulate you on on having the motivation and willingness to go out there and find a second job. There's a lot of people out there that can't be arsed to get 1 job. But just think the more jobs you get the more tax you pay which means them lazy twats keep getting what they want. But still well done mate.

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By *uscious_lips30Woman
over a year ago

gloucestershire

Make sure that for both employers u have different tax codes, cos nearly 3yrs later they send u letters saying u owe over a thousand pound in tax and that Uve had 2000 pound in Jobseeker's Allowance when I haven't

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By *ary baileyCouple
over a year ago

basildon

I have 2 partime jobs. I got my tax codes split. Between them so i dont pay tax at all. If you dont choose to split tax code. They can just charge emergancy tax and once have all your end off yr papers you can claim refund. I uded to use it as savings lol.

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


"I'd just like to congratulate you on on having the motivation and willingness to go out there and find a second job. There's a lot of people out there that can't be arsed to get 1 job. But just think the more jobs you get the more tax you pay which means them lazy twats keep getting what they want. But still well done mate."

Was gonna private message you saying thanks but you've blocked men. But it's nice to hear the support.

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


"I have 2 partime jobs. I got my tax codes split. Between them so i dont pay tax at all. If you dont choose to split tax code. They can just charge emergancy tax and once have all your end off yr papers you can claim refund. I uded to use it as savings lol. "

split coding doesn't increase the amount you can earn tax free. You will only not pay tax if the total from both jobs is less than your allowances.

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


"I have 2 partime jobs. I got my tax codes split. Between them so i dont pay tax at all. If you dont choose to split tax code. They can just charge emergancy tax and once have all your end off yr papers you can claim refund. I uded to use it as savings lol.

split coding doesn't increase the amount you can earn tax free. You will only not pay tax if the total from both jobs is less than your allowances."

This ^^ when I had two jobs, my overall tax was 8000 to begin with, so I got hmrc to split it 7000:1000 however, it can be split any way which is best for you

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By *airybearCouple
over a year ago

Newcastle Under Lyme

Generally, if you use all your tax free allowance in the first (or main) job then all wages in the second will be taxed.

If you do not pay tax in the first job because you earn under your tax allowance, then on the first pay period of the second you will pay slightly more tax as the employer's payroll software assumes you have no tax free allowance left.

But, as payroll is now uploaded to the government in real time ie every pay day and not at the end of the Year, the HMRC will send your new employer a revised code pretty quickly so you will pay the correct tax from the next pay day. Some smaller employers use payroll agencies so it might take a week or two longer..

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