How will a part time job affect the tax on my main job?

I%26#039;m starting a part time job to pay off some credit cards. How will this affect the tax I pay. The wages from the two jobs will not mean that I go in to the higher bracket. I heard from some one that you get penalised to taking two jobs, and the amount of tax you are charged means that it isn%26#039;t worth doing.|||you wont get penalised or pay any more tax than you should.





what happens is that your personal tax free allowance of £5225 for the current year will be used against your main job as this pays more.





when you start your second job, make sure you fill out a form P46 from your employers. this form gets sent to the Inland Revenue to inform them that you have 2 jobs.





your second job will be issued with a BR tax code, which means you will be taxed at 22% of all your earning from the second job.





this is correct because the way tax works is that no matter how many jobs you have, its all added together by the inland revenue and the tax due will be correct over the course of the tax year.





basically, if you didnt have the second and earnt the money that you would get from the second job, on top of your first job, you will still pay the same amount of tax.





all the revenue are doing is spliting the correct tax due over the 2 jobs,





yes it will seem like you are hardly earning anything from the second job because of the high tax, but it will be correct.|||The more you earn the more tax you pay. You dont get penalised as such but as where with the first job you get a personal allowance of about £5,000 before paying basic tax, with the part time job you will pay tax on every penny you earn xxx|||Hi,i found out the hard way when i was working full time my partner got put out of work.To help my supervisor got me over


time on double pay.I ended up losing nearly every penny %26amp; to cap that i was earning 99p over the limit so they would not give us any help with the morgage.i had no choice but to go on the sick ended up losing my job has I was too ashamed to go back.If you are going to end up with peanuts do not do it also you have to take into account the amount they will take off you for stamp.I found the stamp to be worse than the tax.Good Luck|||Your main job won%26#039;t be affected but you will pay the tax on all of your income on the part time job. So if you are in the 25% tax bracket on your first job, then 25% of all your part time pay will go to tax.





You are doing the right thing in trying to pay off those credit cards and at least whilst you are working, you are not spending.|||Both your jobs will be taxed seperately. Your second will attract the higher rate of tax and you will recieve seperate p45`s and p60`s so your main employer will not know of your second job.


Good luck