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So Apparently I Am Not Aloud To Find Work As An Electrician.....
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<blockquote data-quote="Apache" data-source="post: 297682" data-attributes="member: 828"><p>In simple terms this tax year your personal allowance is a little over £8,000, ie the amount you can earn before you pay any tax. Somewhere will be your primary job and they will usually apply your tax code, the first £660 you earn per month is. tax free.</p><p></p><p>Lets say (to keep it simple you earn £24,000 per year) and have 2 equally paying jobs. Assume 20% income tax.</p><p></p><p>Job 1 - primary job £1000 per month, allowance of £660 so you are taxed on the remaining £340 @ 20% and pay £76 in tax.</p><p></p><p>Job 2 - secondary job. Also £1000 per month, but you have used your tax allowance so you are taxed @ 20% of £1000 so you pay £200 in tax.</p><p></p><p>Gives a total of £276 in tax.</p><p></p><p>If you had a single job earning £2000 per month then you are taxed @ 20% of £1340 which is still £276. It just looks like you pay more in your second job.</p><p></p><p>When it gets complicated is when you have multiple jobs, especially when the first job's earnings are below the tax threshold. I know a lady like this and HMRC make her pay full tax on all secondary earnings and then she gets a rebate at the end of the year. She has being told that she cannot split her personal allowance when paid at source.</p><p></p><p>Does that make sense?</p></blockquote><p></p>
[QUOTE="Apache, post: 297682, member: 828"] In simple terms this tax year your personal allowance is a little over £8,000, ie the amount you can earn before you pay any tax. Somewhere will be your primary job and they will usually apply your tax code, the first £660 you earn per month is. tax free. Lets say (to keep it simple you earn £24,000 per year) and have 2 equally paying jobs. Assume 20% income tax. Job 1 - primary job £1000 per month, allowance of £660 so you are taxed on the remaining £340 @ 20% and pay £76 in tax. Job 2 - secondary job. Also £1000 per month, but you have used your tax allowance so you are taxed @ 20% of £1000 so you pay £200 in tax. Gives a total of £276 in tax. If you had a single job earning £2000 per month then you are taxed @ 20% of £1340 which is still £276. It just looks like you pay more in your second job. When it gets complicated is when you have multiple jobs, especially when the first job's earnings are below the tax threshold. I know a lady like this and HMRC make her pay full tax on all secondary earnings and then she gets a rebate at the end of the year. She has being told that she cannot split her personal allowance when paid at source. Does that make sense? [/QUOTE]
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So Apparently I Am Not Aloud To Find Work As An Electrician.....
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