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Temporary job and paying tax

Discussion in 'General Discussion' started by jwest, 12 Mar 2010.

  1. jwest

    Gangster

    Joined: 7 Sep 2009

    Posts: 462

    Location: Manchester

    Quick question. If I get a temporary job for 7 months, by which time I would have earned £8400. How much tax would I have to pay on that?

    Cheers
     
  2. weescott

    Sgarrista

    Joined: 25 Feb 2004

    Posts: 9,394

    Location: Heckling for change

    Depends on your circumstances. You would have to pay tax on £8400 of that.

    If that doesn't answer your question try this good site!
     
  3. PermaBanned

    Capodecina

    Joined: 7 Jul 2009

    Posts: 16,239

    Location: Newcastle/Aberdeen

    I thought your first annual 9k was tax free? Not sure if it's the same for temp jobs though.
     
  4. PapaLazaru

    Capodecina

    Joined: 23 Dec 2009

    Posts: 17,903

    Location: RG8

    It entirely depends on what tax you have previously earned in that tax year, and possibly what tax you may earn in that tax year after you finish.
     
  5. Kol

    Capodecina

    Joined: 8 Jan 2003

    Posts: 13,977

    Location: London

    Goto listentotaxman ... That's a good site for working it and a damned site more helpful than suggesting google on a 'discussion forum' ;)
     
  6. jwest

    Gangster

    Joined: 7 Sep 2009

    Posts: 462

    Location: Manchester

    Cheers, I tried that website, but supposing I only work for those 7 months in the whole year, how does that tax work, would it be taxed assuming my yearly salary is £16200 (in which case my net wage would be £13,101.65)? or am I just taxed on the 8400?
     
  7. SlyReaper

    Soldato

    Joined: 26 Apr 2008

    Posts: 6,585

    Location: Bristol, Old Blighty

    You'll only be taxed on what you earn. The first £6475 you earn in a given tax year is tax free, and you'll pay 20% on the remainder. So if that £8400 is all you earn in a given tax year, you'll pay 20% on £1925, which is £395.
     
  8. jwest

    Gangster

    Joined: 7 Sep 2009

    Posts: 462

    Location: Manchester

    Cheers matey
     
  9. Semple

    Sgarrista

    Joined: 5 Mar 2010

    Posts: 8,180

    As what was said above, although I was sure it was 10% after 6k till about 19k then 20%. until 36k then 40% for everything above.
     
  10. SlyReaper

    Soldato

    Joined: 26 Apr 2008

    Posts: 6,585

    Location: Bristol, Old Blighty

    I seem to recall the 10% being abolished, and the 22% rate being brought down to 20%. This was before I started work, so I didn't pay much attention to it at the time.
     
  11. iraiguana

    Mobster

    Joined: 24 Aug 2005

    Posts: 2,600

    You will pay tax and NI at the expected rate of earnings for the 12 month period. You are then able to reclaim your additional tax paid at the end of the tax year.

    Assuming you have not informed HMRC some how that you will not be working in the rest of the year and they have accepted that.
     
  12. Semple

    Sgarrista

    Joined: 5 Mar 2010

    Posts: 8,180

    Perhaps it might have, I was sure I wasn't getting taxed 20% on the small amount I earned over 6k.