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Hi, I left a job in August in a leap of faith for another. This hasn’t worked out for me so I am starting an apprenticeship as a change of career. I’m 21.
Job 1 Paid me around £11k to August and was taxed PAYE. Tax code 1250l cumulative
Job 2 Expecting to be around £3500 until leaving tax code 1250lx
Job 3 expecting to be £3125 until end March. Tax code not known
Job 1 have been repaying me tax each week (presumably because I earned below my threshold-still waiting on response-only just noticed)
Job 2 have been taking tax and ni on PAYE.
I understand I have to pay my tax but am worried about how it will affect a severely reduced wage.
Am I going to have to pay the full tax over the last four months of the year?
I’ve calculated (using calculator) roughly £1800 tax and NI bill of which I’m expecting job 2 to have taken around £350 of. So expecting a bill of £1450 to pay over 4 months. Am I on the right lines here? Do I have any way to correct this over a longer period?