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Income Tax on weekend work/2nd job

(3 Posts)
MissFoodie Wed 19-Oct-11 15:18:10

I have a full time job and am paying 40% income tax, if, in addition to this, I do some weekend work, freelance, will my income tax on that income be 40% also (based on my full time job PLUS weekend job) or will it be rated separately to my full time job?

Any ideas???????

Thanks!!!!

LIZS Wed 19-Oct-11 16:43:32

40% I think , as your allowances have been used up on your ft job.

TalkinPeace2 Wed 19-Oct-11 18:18:27

40%

sorry!

BUT
if you manage to make a "loss" on your freelance work, it can be offset against your PAYE bill
cgi3.ebay.co.uk/ws/eBayISAPI.dll?ViewUserPage&userid=talkinpeace
wink

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