The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>United Kingdom Taxes

How much tax on 2 jobs?

I am changing my current main job to one that pays 拢20k p.a.
I am wanting to keep on my current main job as a 2nd job. It is relief work, so currently I can be working full time some months and not much in other months.

However, when starting my new job I will be getting paid 拢20k p.a and approx. 拢180 a month on the second job.

Is it worthwhile keeping the 2nd job on? And if so how much tax will I pay?

Thanks

You will pay 20% tax without free-tax allownes on earnings from your second job (from April 2008). On earnings for the firstjob you will pay 20% after tax free allownes.

Tags
　　Atlanta 　　Other - Business & Finance 　　Other Taxes 　　United States Taxes 　　United Kingdom Taxes 　　Spain Taxes 　　Singapore Taxes 　　Mexico Taxes 　　Ireland Taxes 　　India Taxes 　　Germany Taxes
Related information
  • Overall i take home 拢6144 a year, i was just wondering home much would it be before tax? Dont get a pay slip!!

    That's a bit worrying that you don't get a payslip, seems a bit dodgy, you should ask your empoyer about that and report them if they don't start giving you them. Last tax year yo...

  • If i am single and have two kids will i receive $600 and $300 for each child?

    The answer to your question depends on what your income was for 2007 that you filed on your tax return. The actual amount depends on the information contained on your tax return. Eligible indivi...

  • If uk citizen residing abroad for 3 yrs+ what CGT tax payable on uk house sale under new laws?

    You will remain tax resident until 5 April of the year you leave the UK. From that day you will be not resident and not ordinarily resident. If you sell an asset during your absence there wil...

  • Im self empoyed how do I know what I can and cant claim as expenses?

    Hi The rules for this can get a bit complicated but essentially you are alowed to claim anything that is used "wholly and exclusively" for the purposes of your business. Equipment c...

  • My tax code is 491L. I thought it should be 522L but may have missed something.?

    Looks like you've got a taxable benefit included in your code as 拢315 (2007/08) or 拢525 (2008/09) has been deducted. Check form PllD when you receive a copy of it (due before 05/07/08).

    ...
  • I am familiar with indian taxation .i am doing my international taxation phd .along with this which country?

    That is really good. Select a country which does more trading.. like HONGKONG DUBAI SINGAPORE. practise your international taxation PhD there.

    ...
  • Turned 16 but no national insurance card/number??

    MIne Didnt Come Until A Few Months After I Was 16, And Many Friends Too, Some Came Straight Away, So Wait A While And If Not Ring Them Up.

    ...
  • Can i claim back 100% rental of a vehicle used for business?

    It's fairly complicated so I suggest you get your accountant to deal with it. A lot depends on whether the business is a limited company and whether you draw salary or dividends. Strictly ...

    • 　

    Commerce Categories--Copyright/IP Policy--Contact Webmaster