I pay basic rate tax on my second job - would I get a rebate in the future for paying so much tax?

Answer 1

It doesn't matter whether you have one job, two jobs or more. Your tax is assessed on an annual amount earned. You have a free allowance of 5035 pounds, then the next 2,150 you pay 10%, then 2,150 to 33300 you pay 22% then above that you pay 40%.

Answer 2

Now you get the precise info. Step a million - 2d interest - P46 - tick field C (on account which you DO have yet another interest)and that agency could perform code BR. Step 2 - make notes of the agency references of your jobs, make an fact of earnings in each and each interest, be conscious your nationwide coverage variety. Step 3 Wait a minimum of a week for the agency documents to get onto HMRC equipment Step 4 - telephone the touch centre - ask to have your allowances chop up in the time of the two jobs. they are going to allocate allowances and your employers (and you) gets a "observe of coding" and the 2d interest has the steadiness of allowances and the overpaid tax is back to you. it particularly is style of roundabout yet you ultimately finally end up with all your allowances used meaning additional funds to you.

Answer 3

Highly unlikely.

You can only claim tax allowance once, usually your first job. For the current tax year that allowance is 5035, that means you can earn upto 5035 per year tax free, and its once only.

Your first employer will be taking that into consideration, your 2nd employer will have been told to apply basic rate only by the Revenue and that is 22 per cent on everything you earn, up to 33,300 and then it goes upto 40 per cent.

Talk to your wages clerk at any of your employers, or goto your local tax office.

Answer 4

Yes, you would get money back at the end of the tax year. The tax office will receive 2 p14's detailing both employment details.
Any tax due to you will be refunded by way of a cheque within 3 months.

Answer 5

What do you think? As you are holding down two jobs and I assume paying Income Tax on both incomes, you will be taxed on both as everyone else is. The only way you might get a refund will not be on the basis that you pay a lot of tax but on the Rules governing the allowances and items you might need to have in connection with the work and your Personal Allowance. This is strictly controlled.

I am assuming that both jobs are not highly paid so face up to it, I pay Income Tax and I'm retired - how fair is that?

Answer 6

Nope. You have a personal allowance of £5200, this will be applied to your first job only and is tax free.

You then pay a percentage(on a sldiing scale) of your total income above this.