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How much tax with 2 jobs

6 replies

userhjf67 · 24/01/2023 20:38

I currently have a job that pays me £938 a months and have been offered a second job that pays £861.50 a month, how much tax will I pay? Do I pay more with a second job?

Just trying to do all the calculations and check if it's worth it with the extra outgoings it will entail

OP posts:
MadeOfSteel · 24/01/2023 20:51

Put your details into this site and it'll tell you.
listentotaxman.com/

NotAnotherBathBomb · 24/01/2023 20:52

You can split your tax code so that you pay equal amounts roughly. HMRC can advise

Whatevergetsyouthroughthenight · 24/01/2023 20:57

About £151.50 a month tax. That’s not including your national insurance which is extra and could be different if you are paying into a pension (hopefully lower, but it depends what number you have told us, pre or post pension).

You can earn £12,500 a year before you pay any tax, then anything over this is taxed at 20% until you are earning around £50,000 when the tax on anything above that is 40%

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Whatevergetsyouthroughthenight · 24/01/2023 20:57

That’s total across both jobs by the way.

MrsJackRackham · 24/01/2023 20:59

Your tax free allowance per month is £1047 so you'll have £109 to use in your second job. £860 minus £109 is £751. If you're in England it's £751 at 20% so £150 in tax.
However, that spare £109 has been 'banked' so you've £109 x 9 to use up before you pay any tax. Best thing to do is contact HMRC and ask for a code spilt so the £150 is paid over your two jobs.

gogohmm · 24/01/2023 21:04

You are taxed at the same rate whether you have a single job or two, the ni is lower if your income is split over 2 jobs

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