What's the score with tax on second job if you're a student?
-
I'm a student in full time education, 21 years-old and I haven't worked since March this year. I've been looking for work for a while and then BAM, 2 come along at once. One is a bar job on the weekends with some weekdays, so this is my main source of income. The other is working at a football stadium on match day, so this only one every 2 weeks roughly. Will I have to pay tax on either of these jobs? What's the score? Cheers.
-
Answer:
The income from both jobs are added together to determine if you earn enough to pay any tax. Tax deduction is on any income above the basic free allowance of £6,475 per annum.
paul4763... at Yahoo! Answers Visit the source
Other answers
UK? You have a certain value tax free, you pay the lower rate of tax up to the higher tax bracket. It doesn't matter how many jobs you have - the first one takes up the no tax bit (unless you don't earn enough in which case the 2nd job takes the remainder of it) then the lower rate tax gets taken up by the 2nd job..... it is unlikely you will be on higher rate tax - hopefully.
Hedge Witch
All UK citizens, of whatever educational status, get a tax-free personal allowance of £6475, period 6th April to 5th April each year. You can sign form P46 at main job to say that's what it is. Your allowance will therefore be put to that job. You can't sign form P46 at second job, therefore employer has to put you on code BR (Basic Rate, 20%). You can however contact main employer's tax office, and ask for you allowance to be split between jobs, giving staff details of both jobs. Then amended code numbers will be issued, and 2nd employer will refund any tax deducted with next wage packet.
steffi
Related Q & A:
- What's good to do in Philadelphia in December when travelling on a shoestring budget?Best solution by Yahoo! Answers
- What's a good mobile phone plan for a study abroad student?Best solution by internationalstudentinsurance.com
- What's the best way to hook up an overhead projector to a laptop?Best solution by Yahoo! Answers
- What's a good minor for a business student?Best solution by undergrad.usc.edu
- What happens during a second job interview?Best solution by Yahoo! Answers
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.