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UK only, If I work full time ?

If i work 40 hour week then take on a part time job with an agency of 16 hours a week, what are the tax implications? will i be taxed double? need to know how the system works, thanks.

7 Answers

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  • 1 decade ago
    Favorite Answer

    No you wont be taxed twice. Your second job will normally be taxed at the basic rate of income tax 20%. Your tax allowances will be used up with your main job

  • 1 decade ago

    You will pay 20% tax and 11% national insurance on every penny you earn in your second job, but that is exactly the same rate you would be paying if your earnings were from overtime.

    In this country you pay 31% tax on your earnings before you even get them, and then on average 36% of your spending ends up in the tax mans coffers. So in actual fact the tax man takes an average of 56p of every pound you earn, 76p if you pay tax at the higher rate!

  • 1 decade ago

    You will get taxed a lot. I know plenty of people who thought they would try raking in extra money by taking on a part time job in the weekends as well as their full time job in the week.

    The result was that they got taxed at such a high rate for the second job that it was barely worth the effort.

  • 1 decade ago

    No the tax will not be doubled they will just tax you individually for the jobs.

    So you will get taxed the same where your working full time and then they will tax you again, but it will be less, for your part time job

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  • Pusia
    Lv 6
    1 decade ago

    everyone has a tax allowance per year - you don't pay tax on it (this tax year it's £5,435)

    after this all income between £1 and £36,000 in any tax year (the year runs 6th April 2008 - 5th April 2009) is taxed at 20%

    all income above £36,001 in any tax year is taxed at 40%

    all your income will be put together - if it turns out that you have been taxed too much you can ask for a refund

  • 1 decade ago

    Your second job will be accumulative so if you pay basic tax on your first job but then the second takes you into higher tax you will pay higher tax on all those earnings.

  • ?
    Lv 4
    4 years ago

    there are countless residences.....first time consumers/young infants can't have adequate funds them. here in the Midlands of uk each street you flow into has residences and apartments being built. 3 out of four of my grown up infants stay in sub-known, crowded apartments by way of fact they not at all would be waiting to have adequate funds any of those new places. And the council bought off huge numbers of council residences to tenants years in the past, so they are able to't get council residences the two.

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