Tax implications of having more than one job
If you have more than one job, whether it be casual, contract or some other arrangement, you will need to be careful to avoid an end of financial year tax debt. The debt usually arises in situations where individuals with more than one job claim the tax-free threshold in relation to all the employers, resulting in too little tax being paid. To avoid that, you need to look carefully at how much you will be making and adjust the PAYG withheld accordingly. Remember this also applies to those receiving a taxable pension/government allowance with a part-time job.
