Two jobs and paying tax.

[DC_FC]

Im currently looking for a second part time job to boost my income and ive found 1 to apply for but im interested in how much tax i would pay, would anyone be able to help ?

[craft1948]

If all your allowances are off-set against your first job you will pay tax on all of your second wage.

[WyeDyed]

You would declare one as your main job and allowances would be set to that one, on the second job you will pay full tax.

[ubasses]

Well assuming you earn more than the tax free allowance you will pay the standard rate on all of it. That will be 20%, see your tax code for the tax free allowance.

[DC_FC]

Thanks

[DC_FC]

Thanks

[DC_FC]

How would i define which would be the main jobs ?

For job 1/current job I get a minimum of £510.40(before tax) a month but that can change and some months i can earn £700 but its all dependant on overtime

Job 2/job im applying for is £7 ph for 30 hours a week so works out at £840(before tax) a month.

Well my tax code is 816L,

[New Judge]

Your tax code gives you a tax-free allowance of £8,160 a year. Using an average of £600 per month for job 1, it uses up £7,200 of that allowance. Job two brings in £10,080. £960 (8160 – 7200) will be tax free. The rest (£9,120) will be subject to 20% tax which amounts to £1,824 (£152 per month).

Don’t forget National Insurance. Job 1 will attract none as your earnings are not high enough. Job 2, though, will cost you about £25 per month in NI contributions.