Employment Tax Question

Beetlebug1983

Hi,

Can anyone help?

I work full time during the week (38 hours) and am looking to get a part time weekend job which will be 10 hours over 2 days for some extra cash.

What will the situation be with regards to tax? Is Mr. Taxman going to take a big chunk and make it pointless?

Many thanks.

Beetlebug1983.

CLAPTON

Asssuming you are within the 20% tax band then your second job will be taxed at BR which is 20% and NI will be 11% on amounts over £105 per week

Beetlebug1983

Thanks Clapton,

What if it is less than £100 a week?

fengirl_2

Less than £100 pw 20% tax, no NIC.

Debt_Free_Chick

The tax you pay will be exactly the same as that you would pay if you worked 48 hours a week in your current job.

NI is not quite so clear cut - you may pay less from the two jobs, when added together, compared with what you would pay if you worked 48 hours a week in your current job.