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Explain it to me like I'm a six year old.
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"Tax.
I have a primary and secondary income and my code has changed.
How do I work out if it's worth splitting my allowance for my tiny incomes?
"
If you have two jobs, but neither with income as large as your personal allowance, then simply giving all your tax free pay to one job will not work. This is because giving your tax free personal allowance in full against one job will leave some of your tax free allowance unused. You will then pay too much tax if a BR code is used for your second employment/pension.
There are two possible solutions to this problem:
1) You may ask your tax office to divide your personal allowance between two jobs. Only do this if your income from each job is predictable and stable. You also need to review the position regularly to ensure that the split continues to be appropriate
2) You may wait until the end of the tax year and ask HMRC for a refund. Alternatively you can wait for HMRC to carry out their tax year-end reconciliation of employers returns, after which you should be sent a tax calculation and a repayment after the end of the tax year. If you are asked to send in the P60 forms from all your jobs to HMRC, make sure that you take copies of the P60s for your records |
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"Tax.
I have a primary and secondary income and my code has changed.
How do I work out if it's worth splitting my allowance for my tiny incomes?
If you have two jobs, but neither with income as large as your personal allowance, then simply giving all your tax free pay to one job will not work. This is because giving your tax free personal allowance in full against one job will leave some of your tax free allowance unused. You will then pay too much tax if a BR code is used for your second employment/pension.
There are two possible solutions to this problem:
1) You may ask your tax office to divide your personal allowance between two jobs. Only do this if your income from each job is predictable and stable. You also need to review the position regularly to ensure that the split continues to be appropriate
2) You may wait until the end of the tax year and ask HMRC for a refund. Alternatively you can wait for HMRC to carry out their tax year-end reconciliation of employers returns, after which you should be sent a tax calculation and a repayment after the end of the tax year. If you are asked to send in the P60 forms from all your jobs to HMRC, make sure that you take copies of the P60s for your records"
Oooooft!  Love a bit of sexy tax talk dirty boy
This ^^ I split mine a couple of years back, put the one with no overtime and a fixed monthly salary at a lower allowance then the job with overtime had a larger allowance. Keep an eye on your tax account regularly though, they're sneaky bastards hmrc! |
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"Tax.
I have a primary and secondary income and my code has changed.
How do I work out if it's worth splitting my allowance for my tiny incomes?
If you have two jobs, but neither with income as large as your personal allowance, then simply giving all your tax free pay to one job will not work. This is because giving your tax free personal allowance in full against one job will leave some of your tax free allowance unused. You will then pay too much tax if a BR code is used for your second employment/pension.
There are two possible solutions to this problem:
1) You may ask your tax office to divide your personal allowance between two jobs. Only do this if your income from each job is predictable and stable. You also need to review the position regularly to ensure that the split continues to be appropriate
2) You may wait until the end of the tax year and ask HMRC for a refund. Alternatively you can wait for HMRC to carry out their tax year-end reconciliation of employers returns, after which you should be sent a tax calculation and a repayment after the end of the tax year. If you are asked to send in the P60 forms from all your jobs to HMRC, make sure that you take copies of the P60s for your records"
I got that from the site also. I also chatted to a clever bugger on the phone and I think I understand it now.
Thanks lovely  |
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"Tax.
I have a primary and secondary income and my code has changed.
How do I work out if it's worth splitting my allowance for my tiny incomes?
If you have two jobs, but neither with income as large as your personal allowance, then simply giving all your tax free pay to one job will not work. This is because giving your tax free personal allowance in full against one job will leave some of your tax free allowance unused. You will then pay too much tax if a BR code is used for your second employment/pension.
There are two possible solutions to this problem:
1) You may ask your tax office to divide your personal allowance between two jobs. Only do this if your income from each job is predictable and stable. You also need to review the position regularly to ensure that the split continues to be appropriate
2) You may wait until the end of the tax year and ask HMRC for a refund. Alternatively you can wait for HMRC to carry out their tax year-end reconciliation of employers returns, after which you should be sent a tax calculation and a repayment after the end of the tax year. If you are asked to send in the P60 forms from all your jobs to HMRC, make sure that you take copies of the P60s for your records
Oooooft! Love a bit of sexy tax talk dirty boy
This ^^ I split mine a couple of years back, put the one with no overtime and a fixed monthly salary at a lower allowance then the job with overtime had a larger allowance. Keep an eye on your tax account regularly though, they're sneaky bastards hmrc! "
Sneaky is right, I found out I threw away some of my allowance last year by simply not knowing I could spread my allowance and the £61 they said I owed them has magically disappeared... |
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By (user no longer on site)
over a year ago
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"Tax.
I have a primary and secondary income and my code has changed.
How do I work out if it's worth splitting my allowance for my tiny incomes?
If you have two jobs, but neither with income as large as your personal allowance, then simply giving all your tax free pay to one job will not work. This is because giving your tax free personal allowance in full against one job will leave some of your tax free allowance unused. You will then pay too much tax if a BR code is used for your second employment/pension.
There are two possible solutions to this problem:
1) You may ask your tax office to divide your personal allowance between two jobs. Only do this if your income from each job is predictable and stable. You also need to review the position regularly to ensure that the split continues to be appropriate
2) You may wait until the end of the tax year and ask HMRC for a refund. Alternatively you can wait for HMRC to carry out their tax year-end reconciliation of employers returns, after which you should be sent a tax calculation and a repayment after the end of the tax year. If you are asked to send in the P60 forms from all your jobs to HMRC, make sure that you take copies of the P60s for your records"
This is such a turn on |
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"Tax.
I have a primary and secondary income and my code has changed.
How do I work out if it's worth splitting my allowance for my tiny incomes?
"
Unless you tell them they will put your code on your primary and you’ll typically pay 40% on all your secondary. By default your second job is you secondary, even if it’s higher income . Or you can tell them to change it if one job ends or it’s wrong , otherwise you will be adjusted in April . You can make changes online I think, go to personal tax returns , login with UTR, current year , view code or something like that
The tax department are in a such a mess my codes constantly changing. Don’t forget 31st Jan deadline for returns or they fine you ! |
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"Tax.
I have a primary and secondary income and my code has changed.
How do I work out if it's worth splitting my allowance for my tiny incomes?
Unless you tell them they will put your code on your primary and you’ll typically pay 40% on all your secondary. By default your second job is you secondary, even if it’s higher income . Or you can tell them to change it if one job ends or it’s wrong , otherwise you will be adjusted in April . You can make changes online I think, go to personal tax returns , login with UTR, current year , view code or something like that
The tax department are in a such a mess my codes constantly changing. Don’t forget 31st Jan deadline for returns or they fine you ! "
Thank you. I spoke to a gem ten minutes ago who sorted it all out for this year and next. It took an age to get through but they were lovely. |
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By *adyJayneWoman
over a year ago
Burnleyish (She/They) |
"Thank you. I spoke to a gem ten minutes ago who sorted it all out for this year and next. It took an age to get through but they were lovely. "
When you can finally get through to people they are fantastic... one thing they don't tell people like they should.
If you have to fill in a tax return and you have a SLD (such as dyslexia or dyscalcula) they have a specialist support department that will fill in your tax return with you (it used to be face to face but might be virtual now) |
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