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Second Job Tax
MustStopSpending
Posts: 309 Forumite
I'm sorry if this has been covered but need some advice please.
I currently work full time earning approx £15k a year, my tax code is 503L. I want to get an additional evening job but would like to know how much tax I will pay to decide if it is worthwhile.
Any help is greatly appreciated!!
I currently work full time earning approx £15k a year, my tax code is 503L. I want to get an additional evening job but would like to know how much tax I will pay to decide if it is worthwhile.
Any help is greatly appreciated!!
0
Comments
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on £15K you'll be in the 22% tax band on any extra earnings, on an evening job your unlikely to push in to the 40% band.
NI will also be calculated on the second earningsI no longer work in Council Tax Recovery but instead work as a specialist Council Tax paralegal assisting landlords and Council Tax payers with council tax disputes and valuation tribunals. My views are my own reading of the law and you should always check with the local authority in question.0 -
oh i thought your rate of tax for the second job is on basic rate, but you don't pay ni on your second job0
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Depends how much you earn: NI is calculated each WEEK or MONTH, on each job, so if you do lots of hours one week you might have to pay NI, but if you're basically under £90 per week you won't.jasonrat wrote:oh i thought your rate of tax for the second job is on basic rate, but you don't pay ni on your second jobSignature removed for peace of mind0
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