Calculation help!

Charlotte_2112

Hi, i'm new to moneysaving but was wondering if anyone could help me?

I'm employed full-time on a basic salary of £18,000pa gross so am still in the 20% tax bracket.

I've now taken a second job which is paid hourly on a gross rate of £5ph.

I've worked 14 hours so far and have been paid £44. I can't work out whether or not this is correct?

Could any one who is smarter than me help?!

Thanks in advance!!

PARIS_5000

Charlotte_2112 wrote: »

Hi, i'm new to moneysaving but was wondering if anyone could help me?

I'm employed full-time on a basic salary of £18,000pa gross so am still in the 20% tax bracket.

I've now taken a second job which is paid hourly on a gross rate of .

I've worked 14 hours so far and have been paid £44. I can't work out whether or not this is correct?

Could any one who is smarter than me help?!

Thanks in advance!!

How old are you £5ph is less than minimum wage. If you worked 14 hours then you should been paid £70 because 5 x 14= 70 so you have been underpaid.

Charlotte_2112

Hi

I'm just under 21 so i think i'm just about being paid minimum wage, it's currently at £4.95 for under 21's isn't it?

But surely the £70 would be my gross wage, after tax and NI contributions, i'm not sure if £44 is right?

PARIS_5000

Charlotte_2112 wrote: »

Hi

I'm just under 21 so i think i'm just about being paid minimum wage, it's currently at £4.95 for under 21's isn't it?

But surely the £70 would be my gross wage, after tax and NI contributions, i'm not sure if £44 is right?

I think that you have to earn £124 before you are taxed so you should have been paid £70 gross because that is too low to tax.

Charlotte_2112

But as i'm already over that bracket via my day job, wouldn't i automatically be taxed on my second income?

PARIS_5000

Charlotte_2112 wrote: »

But as i'm already over that bracket via my day job, wouldn't i automatically be taxed on my second income?

I asked the tax office this question and they told me that in your second job they will tax you at 20% no matter what the you earn. So if my maths is correct then they would taxed £70 at 20% which is £14 which then leaves you with £56 and then they would take the national insurance which maybe brought it down to £44.

Sambucus_Nigra

What's the tax code at the second job?

Charlotte_2112

£14 NI contribution for one week sounds quite high though doesn't it?

I'm not sure about my tax code yet, will have to find out. If this is correct, it should be the same as the tax code for my full time job, just the standard BR code shouldn't it?

PARIS_5000

Charlotte_2112 wrote: »

£14 NI contribution for one week sounds quite high though doesn't it?

I'm not sure about my tax code yet, will have to find out. If this is correct, it should be the same as the tax code for my full time job, just the standard BR code shouldn't it?

£14 is the tax on £70 at 20%. I not sure how much the NI was be because I said that the rest of the £56 must have gone to NI to bring it down to £44 So if they took £8 NI that makes sense because NI is less than tax.

Sambucus_Nigra

Charlotte_2112 wrote: »

£14 NI contribution for one week sounds quite high though doesn't it?

I'm not sure about my tax code yet, will have to find out. If this is correct, it should be the same as the tax code for my full time job, just the standard BR code shouldn't it?

I think the first thing is to find out what your two tax codes are and then call the tax office and speak to them; and also find out what your deductions were this time around.

Which means calling the second employer's payroll person.

PARIS_5000

Sambucus_Nigra wrote: »

I think the first thing is to find out what your two tax codes are and then call the tax office and speak to them; and also find out what your deductions were this time around.

Which means calling the second employer's payroll person.

The tax codes will be on her paysilp.