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Confused about tax/NI - working two jobs

Hi,

I'm going to start work on two jobs, and I'm confused about how much tax/NI I will be paying.

For my main job, I will be paid £1250 gross a month, and for my second job I will be paid £832 gross a month. I understand that I will be charged the basic rate of tax for all that I earn in my second job, which I'm fine with and is relatively straight forward.

What I don't get is how NI is charged - both for my contributions, and my employers.

I'm trying to figure this out so I can set up a budget for my expenses etc, so any help would be greatly appreciated!

Comments

  • chrisbur
    chrisbur Posts: 4,263 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    If the two jobs are unconnected in any way then NI will be worked out on each job seperately so you will have no NI due on the first £476 in both jobs. If however they do have some conection it may be worked out on the total of the two jobs and you would then only get one £476 allowance.

    The £476 figure will go up to £589 in April I believe.

    The rate of NI is 11% at the moment going up to 12% in April assuming that you are not contracted out or on reduced rate NI
  • Thanks so much! The jobs aren't connected in any way. Thanks again for your help =)
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