One pay day, two employers, what happens?

[namechange90832]

I'm changing jobs, finishing with this employer end of July and starting with my new employer start of August. I have missed the pay day cut off for a couple of things that will be owed to me so they will need to be paid to me in August. August I will have my first pay day with my new employer.

I'm just wondering how this all works with pension, student loan etc? Can I have two separate amounts of pay in one month like that?

Anyone?

If you're paying the SLC, they'll take their cut from all paychecks, as will HMRC and NI. It's always galling when you think you're on for a bumper payday!

But yes, more then one paycheck is the problem, it's the hit you'll take on tax and SL in both.

I’d assume your old employer will make the remaining payments to you after your P45 has been processed? If so you’ll be emergency taxed on this amount. Although it does save you from 2nd employment tax on the new job pay (where you don’t get any personal allowance).

@Yellow85 I think that's what I was confused about, I assume I will get my P45 after my last "proper" pay day in July, but then they'll need to pay me in August, so will that delay the production of the P45 or can they pay me after producing my P45?!

I've asked HR but they're not the quickest to reply.

I work in payroll and don't issue P45's until after al payments have been made.

Argh this is going to get really messy isn't it 😭

Every time I've swapped jobs and been paid twice in one month, HMRC has never caught up with what went on and I've underpaid tax that year. It's happened twice now, in recent years. You'd think the P45 would mean it would work out, but no.

It will mean a higher tax amount paid in month 1 but due to real time updating HMRC will instruct any overpaid tax(if any) to be repaid to you via your payroll.