My friend has been offered a second job but wants to stay doing a few hours a week at her present job. Does anybody know how she will have to pay tax? All in all her total hours will be 37 - 40 hrs per week which is the same as one full time job, but normally second jobs you have to pay emergency tax on? Does anyone know where she stands on this or any sites i can look at for her? thanks in advance
Your tax allowance will be applied to your first job, and your tax code for the second job will be BR. The whole of your income from your second job will be subject to to basic rate tax.
Didwot, does that mean that you just keep the same tax free allowance and aren't really any worse of by having a 2nd job?
If your tax code is 444L then across the 2 jobs you still have �4440 tax free?
I'd always thought that you lost out somehow.
In my current job I'd earn a better hourly rate for anything over 35 or so hours.
If I had 2 jobs would I end up with the equivalent of pay at single time for all hours worked and not *really* be worse off in any other way?
No you do not lose out in terms of tax, but you may lose out, as you suggest, if your rate of pay in your second job is lower than the rate of pay you could have achieved in your first job.