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How much can I earn in second job?
Options
TPAOY
Posts: 50 Forumite
Looking to options and one seems to be a second job. There is a Sainsburys and Asda quite close by. Any ideas as to how much you can earn there packing shelves etc as a second job. My guess is about £5.15 an hour less tax etc.
As I already pay tax and NI, what percentage would come off any second job?
Any other ideas or experience from other people welcome. I'm looking to work maybe three nights a week and a bit at the weekend.
As I already pay tax and NI, what percentage would come off any second job?
Any other ideas or experience from other people welcome. I'm looking to work maybe three nights a week and a bit at the weekend.
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Comments
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If you are a basic rate tax payer, I think you will pay 22% tax and 11% NIC (total 33%), so you would take home 67p in every £1, so that would be £3.45 an hour if your 'top line' is £5.15 an hour.
If you are getting any Tax Credits, then this would reduce by 37p in the pound for ever pound earnt before tax, so your £5.15 an hour would be worth £1.54Quidco cashback paid out so far £745.89 :j0 -
Thanks for the reply Suewre. Am a basic rate taxpayer so my estimated hourly rate would mean £3.45 an hour.
Does anyone have any experiences of working part time with Asda or Sainsburys that can give an idea what they are like?0 -
With a second job I believe that you get a second allowance on NI. So what ever is the standard so you would need to earn up to £88 (or what ever the limit is )a week before you start paying.
But Tax you will pay 22% on all earnings unless it takes you over the threshold.
I use to work for Asda doing two nights a week on £6 ish an hour. And got paid £250 a month after tax. Don't think I paid I any NI but this is going back about 5 years ago.
Yours
CalleyHope for everything and expect nothing!!!
Good enough is almost always good enough -Prof Barry Schwartz
If it scares you, it might be a good thing to try -Seth Godin0 -
That's right: you don't pay NI in ANY job until you earn over £X per week. Functionally I think the limit is £92, because although the NICs are due at £88 there's too little to collect until you earn over £92.calleyw wrote:With a second job I believe that you get a second allowance on NI. So what ever is the standard so you would need to earn up to £88 (or what ever the limit is )a week before you start paying.Signature removed for peace of mind0 -
Does the NI come off suddenly, or is it phased in? Wouldn't be much point in earning a small amount above £88 if they suddenly hit you for the full whack.0
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It's actually '£94pw' rather than '£88' and - no - it's not takenly suddenly as other posters have pointed out - you'd pay 11p on earnings of £95, 22p on £96, 33p on £97 and so on...TPAOY wrote:Does the NI come off suddenly, or is it phased in? Wouldn't be much point in earning a small amount above £88 if they suddenly hit you for the full whack.
This is the one 'perk' of second jobs really.
Provided your main job already puts you into the 22% basic rate band of income tax the tax at 22% on all the second job income will work out correctly. Sometimes, a first job doesn't earn enough to use up all the 10% allowance so that a refund needs to be claimed at the end of the tax year. This is very simple, actually, and just involves taking your two P60s for that year to the 'Inland Revenue' (now 'HMRC') and they send a cheque within 2-3 weeks and return the forms (or take copies of your originals).....under construction.... COVID is a [discontinued] scam0 -
I think you'll be surprised at how much you can earn by stacking shelves too, I wokred for Tesco 5 years ago and was on 5.75 per hour then and that was just for before 12pm. Any hours I worked after that were on a higher rate with double time paid for Saturday and Sunday and often triple time for bank holidays. It's extremely good money but back breaking and mind numbing work
Organised people are just too lazy to look for things
F U Fund currently at £2500 -
Thanks for the replies. Work between approx 9:30 (time I get after dropping son off at school) and any time up to 19:00 five days a week. Have to get employers permission to do extra work so they'll know I've got problems
Do the stores stay open after customers are kicked out for shelf stacking? How flexible do they tend to be with hours or do they have fixed shifts that you have to be able to attend?0 -
It's normally fixed shifts I'm afraid but I used to work what they called the twighlight shift from 7pm - 11pm. Most stores are open 24 hours a day now anyway.Organised people are just too lazy to look for things
F U Fund currently at £2500 -
Do you get any choice of days etc? To fit things round family, Monday, Wednesday and Friday evenings would be best together with say a Saturday or a Sunday. Do they insist or 52 weeks a year, or can you get any breaks?
Am I correct in thinking that you can earn £32,400 plus your personal allowance before hitting 40% tax (no danger of me doing that!)
Any advice on who is the best employer - Asda and Sainsburys are the closest to me.0
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