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Where Taxpayers and Advisers Meet

Taxes for 2 incomes

Dawit99
Posts:1
Joined:Wed May 05, 2021 10:25 am
Taxes for 2 incomes

Postby Dawit99 » Wed May 05, 2021 10:40 am

Hi there,

I'm currently working through an umbrella company,tax code 1244L W1. I'm working evenings, and I was wondering if I take up a day job, as a temp worker PAYE, how much I will be taxed on each job. Will I be taxed more on both jobs than if I worked just one of the two, or does one get taxed heavier?

Many thanks,
Dawit

Jholm
Posts:184
Joined:Mon Mar 11, 2019 4:22 pm

Re: Taxes for 2 incomes

Postby Jholm » Thu May 06, 2021 8:55 am

Normally a primary source will be allocated to give you your full allowance of approx. £12.5k and a secondary source will be taxed at your rate of 20/40/45%.

Sometimes the allowance is split across employments but the tax due across both employments will still be the same.


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