New job and the change in tax code

[sunchime]

Hi
Following on from my question below (sort of) Im changing my job from a �17,500 admin job, to a �24,500 admin job. Will my tax code change? Will I receive any kind of tax rebate in my wages or will i be docked even more??

thank you

[CheekyChops]

You tax code won't change just because you have a new job earning more money.

Why would you get a tax rebate?

Yes, you will be docked more. As you will be earning more, you will pay more tax.

[bednobs]

tax is paid as a percentace of earnings. So, as an example, if you were taxed 10% of 17500, yur tax would be10 pounds in every 100 pounds = �1750
if your wages went up to 24000 then your tax would be (again) 10 pouns in every 100 pounds = �2400

so as you see when you pay a percentage, if you get more you pay more. Of course those figures given above bear no relation to real life, but are just an example to show what a percentage is and how the absolute figure will go up if the wages go up

[bednobs]

And BTW you will never get a tax rebate for earning more money!

[sunchime]

Hi
Thanks for your answers, you will have to forgive my ignorance - i guess i did not mean 'rebate'...more 'refund'. Im only asking because of the Tax thing (was it 10p tax?) earlier this year. I know im not making much sense here.... Will this make any difference to me??

[CheekyChops]

Everyone will be �60 better off in their September paypacket and then �10 per month after - all to do with the 10p tax band thing.

[buildersmate]

.......... and you will get the offset in tax in September, the same as everyone else. However the net impact is you will pay more tax than in your last job, simply because you are earning a lot more.