second job - worth it?

debrag

I currently work in home care so the pay isn't great. I am waiting to start my new job at a care home which will be 35 hrs @ min wage.

I have been asked to stay on at my current job but not sure if it's worth it. The pay is £6.06 phr weekdays & £6.66 phr weekends. How home care works I may only get only a few hours each week say 5 so £30.50 before tax. Would I go onto BR & is it 20% ?

I don't mind getting just £100 a month as I'd use this for my personal spends each month and not touch my main wage.

Any

You can earn £6475 a year tax free and on the rest you pay 20% (unless you go to somewhere like £40k, then it's 40%). So if your main job earns you this/more then this then any second job will be taxed 20% in full.

Victoriajayne

Remember too that national insurance differs to tax, in that in EACH job you can earn up to £5715 a year before NI contributions are deducted. You just need to be sure that you are paying enough contributions in one of your jobs to qualify for your contributions record.
So its actually more beneficial moneywise to work 20 hours in one job and 10 hours in another, than 30 hours in just one job.

LittleVoice

Victoriajayne wrote: »

in EACH job you can earn up to £5715 a year before NI contributions are deducted. . . . So its actually more beneficial moneywise to work 20 hours in one job and 10 hours in another, than 30 hours in just one job.

It should be noted that, again unlike tax, NI is not calculated on an annual income but on how much is earned in a specific week or month (depending on the pay interval). So saying simply that you could earn £5715 a year in a job before paying any NI is not correct.

Victoriajayne

Oooooooh, sorrrry ! ;-)

Yes, you can earn up to £110 a week in the second job before you pay NI contributions on it.

debrag

Victoriajayne wrote: »

Oooooooh, sorrrry ! ;-)

Yes, you can earn up to £110 a week in the second job before you pay NI contributions on it.

oh how i'd love to earn that a week a 2nd job but won't happen