Discussion
I was working one full time job up until the 29th of January this year then I started another full time job and dropped to part time at the original job , I rang HMRC at the time of change they advised me to phone back once the new tax year started , so I have rung them the other day and the guys said this should have been sorted when I originally rang before the new tax year started .
Basically at my new full time job I am BR tax code and seem to be getting taxed heavily compared to what I was previously taxed at the old job when full time , the difference in gross salary per year is only about £1500 , I am also paying a small amount of tax and NI at the old part time job .
They advised me to leave everything as it as I will paying the correct amount but to be honest the guy did not instil me with confidence or explain to a tax n00b in simple terms why I should leave it as it is it just does not seem right to me as the tax on the new full time job seems a bit excessive , any help in laymans terms would be greatly appreciated .
Basically at my new full time job I am BR tax code and seem to be getting taxed heavily compared to what I was previously taxed at the old job when full time , the difference in gross salary per year is only about £1500 , I am also paying a small amount of tax and NI at the old part time job .
They advised me to leave everything as it as I will paying the correct amount but to be honest the guy did not instil me with confidence or explain to a tax n00b in simple terms why I should leave it as it is it just does not seem right to me as the tax on the new full time job seems a bit excessive , any help in laymans terms would be greatly appreciated .
PurpleMoonlight said:
Providing your part time earnings are in excess of your 0% tax allowance then all is fine and you will pay the correct income tax for the tax year.
That is far from certain. Depends on income levels as BR will only ever deduct 20% and OP may be a higher rate taxpayer overall.Op - if you are currently working two jobs, one being taxed using your normal tax code (I will assume the standard of 810L) and the other of BR, you need to check your potential earnings from each source.
As said above if you are likely to earn in excess of your tax free allowance and combined with the earnings from your second job you are below the higer rate threshold, no action is needed.
If this is not the case, you will need to take action. Without knowing more it is difficult to say exactly what.
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