Second job tax code?
Discussion
I have a similar situation brewing. As I understand it, your tax code on the second job will be the bog standard code (approx 11k I think) so you will be taxed based upon what is due based upon your earnings at the second job at that code. In my case I’m 40% threshold on the main job and the second job is 8k so I will pay no tax at source on the second job but HMRC will reconcile when they catch up I.e. they will demand 40% of my 8k by smashing the tax code on my main job.
I have 1 full time job and then a casual (0 hours) role to earn a bit extra here and there.
I phoned the tax office and asked them to keep all my allowance on my main job so I have a tax code of 1185L for my main job and 0T for any casual work that is carried out.
Your main employer should not notice any difference.
I phoned the tax office and asked them to keep all my allowance on my main job so I have a tax code of 1185L for my main job and 0T for any casual work that is carried out.
Your main employer should not notice any difference.
The tax code on your second job will be BR and you should be taxed at 20%.
If your combined earnings push you into the higher rate band (or if you’re already in the higher rate band) then you will be underpaying tax.(ie in your 2nd job you’re paying tax at only 20% when it should be 40%) This will be corrected by HMRC by amending the tax code for your main job in the following year.
If your combined earnings push you into the higher rate band (or if you’re already in the higher rate band) then you will be underpaying tax.(ie in your 2nd job you’re paying tax at only 20% when it should be 40%) This will be corrected by HMRC by amending the tax code for your main job in the following year.
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