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| *Ostroff, Fair and Company>>>United Kingdom Taxes |
If i have two jobs, do I pay more tax?? |
If i have two jobs, do I pay more tax?? It can work out in you favour to have a second job instead of working overtime at your main one. With having a second employment you get a further NI allowance, which mean that you can earn roughly 拢70 a week free of NI, and then only pay it on the excess. This wasn't worth much before but now that its 11% its worth knowing. The tax you will pay 22% on where ever you work after your personal allowance is used. The difficulty is around where your Tax allowance is 'used' in your main job but come the year end you would claim a refund. Logic would dictate yes YES yes - you pay a percentage of the money you make. higher pay - higher percentage = more tax money. you are taxed on your total income Yes, but you're paying the same percentage. With two jobs you would earn more money and would have to pay more tax because of this. I think so yes - might be an idea to ring your local inland revenue office and have a chat with them. you need to inform them that you have a second job. |
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