2nd job

I have just taken on a 2nd job and declared on the paperwork that this is my 2nd job. I have no decided to leave my main job and go forward with this 2nd job as my only job. Will my text automatically get sorted out? Do I need to inform someone of this? I received my first pay for the ‘2nd job’ it was a lot lower due to tax

Hi,

You will need to contact our Income Tax team so that we can update your tax code.

Income Tax: general enquiries

Thank you.

Congratulations on your new job! When you initially declared on the paperwork that your current job was your second job, it was likely done for tax purposes and to determine your tax withholding. However, now that you have decided to make your second job your only job, there are a few things you should consider: Inform your current employer: It is important to notify your main job that you will be leaving. Give them appropriate notice as per your employment contract or company policy. It is a professional courtesy to inform them in person or in writing, providing the necessary details and your intended last working day. Update your tax information: After leaving your main job, you may need to update your tax information with your second job. Contact your employer or their HR department and provide them with the necessary details, such as your new tax filing status, allowances, and any changes to your withholding. Check your pay and taxes: As you mentioned, your first pay from the second job was lower due to tax deductions. When you leave your main job, your tax situation may change, which could potentially lead to adjustments in your tax withholding and subsequent paychecks. Ensure you understand the tax implications of your new job and consult with a tax professional if necessary. Review your benefits: Consider how leaving your main job may impact your employee benefits, such as health insurance, retirement plans, and any other perks or privileges. You may need to explore alternative options for these benefits or inquire about transferring them to your new job. Remember, it is always a good idea to consult with a professional, such as an accountant or HR representative, who can provide specific advice based on your individual circumstances and the applicable laws in your jurisdiction. Regarding the link you provided (trainedjobs.com), I'm sorry, but as an AI language model, I'm unable to access external websites or browse the internet. My responses are based on the information available to me up until September 2022.