Howards/Springfield

[Mrboo]

RE: Howards/Springfield

(01/04/2021 16:16)MPTE1955 Wrote:  Not quite, if the income is projected to be above your tax allowances for the year then you will pay tax. So if your tax allowance on a secondary job are for example £4000 at the start of the tax year then you would pay tax on anything you earn above.£333.33 per month or £76.92 per week..

I have 3 companies all with there own tax codes

Job A
Your estimated taxable income is
£x
Tax code: 720LX

Job B
Your estimated taxable income is
£x
Tax code: 16T

Job C
Your estimated taxable income is
£X
Tax code: 52T

So long as you set it up right you should not pay 20% untill you got over that number like job B I can earn £160 till they take 20% and job A £7200 but it divided in number of weeks or months you get paid so the £160 is £13p

For me it used to be 1 job had the full code and all other got 20%

The key is getting the pots right. You can change at any point in website https://www.tax.service.gov.uk/personal-account