Tax and full time

[Erie28]

Hi
Looking some advice as I have no idea how to work this out!
I have 2 jobs. One full time 40hrs and the other as an instructor few days a week and for that I am on their payroll so I do get about £50 taken off me every month in tax. I am wondering is it worth it to reduce my hours in work maybe go down to 4 days and would that maybe help reduce the tax I pay? Would it balance out for me?
The 4 days would help in terms of flexibility and free time for other things as well..

Thank you

Fairly obviously, you earn more, you pay more tax (and vice versa). I am assuming you are not earning six figures so affected by withdrawal of your personal allowance, or any of the other cliff edge points, given the low tax you pay per month. The point is that yes you will pay less tax if you drop a day, you will also have less in your pocket, as well as getting the extra day. What you cannot expect is to work less, pay less tax, and get the same in your pocket. If you value the extra time over the money, then go ahead - we can't answer the balance issue for you.

Only really of benefit if higher rate tax payer

If you earn less you will.pay less tax but you will also earn less so...

You pay full tax on your second position which may be refunded later - in your tax return .

I had 3 jobs and I’ve repaid by nearly £3,000.

Ring the tax office - they are quite helpful .

I'm confused how you are working 40 hours a week and only paying £50 a month tax, unless you are pretty young or self employed.

On minimum wage you should be paying £187 a month tax and £74 a month national insurance. Is your employer paying you the minimum wage of £11.44?

Anyway you can plug the figures in here to see the effect of fewer hours:

The Salary Calculator - Hourly Wage Tax Calculator

I don't really see the problem. Are both paye? You can phone HMRC and split your tax free allowance however you like between the 2 jobs. You can split it 75/25 or 60/40 or whatever you choose.

Not quite sure what you mean, you’ll still keep c. 80% of your wages after tax (assuming not paying higher rate) so you will have more ££ in your pocket when your income is higher.

It sounds as though you have a BR tax code on your second job with your personal allowance applied to your main job.

Dropping one day per week from your main job would mean that you would lose 1 day of net pay from that job. You would probably continue to pay basic rate tax on your second job. Your loss of net pay from your main job is likely to be more than any tax saved on your second job.