2nd job tax?

doodah

hi there, does anyone know how to work out what i would get taxed on a second job? is there a calculator on the net somewhere? ta

elantan

2nd job is 22% with ni at 11% that is unless you earn over 35000 then it's 40%it hurts alot

doodah

thank you elantan.

argh that really sucks! so basically if i earned £100 i would get £67?

james32_uk

Correct. It's just like a payrise - there's no extra allowance.

doodah

grrrr. ah well, i'll just be thankful that i should easily match that in tips each week

CLAPTON

no thats not quite correct, it depends upon how much your second job pays.

income tax is indeed cumulative so if your main job means you are paying at 22% then your second job will be charged at 22%
but NI is not cumulative so if your second job earn less than about 5000 per annum you pay nothing (i can look up the details if you would like to say a bit more about your normal income and your likely second income)

doodah

hi clapton, thanks for your help. my main job's income is £12500 and the 2nd job i'm aiming to be earning £100 a week for about 2 months probably

CLAPTON

your tax will be at the rate of 22%
but you will only pay NI at 11% on the amount over 97 per week

so tax on 100 is £22 and NI 11% of 3 so total of £22.3 deductions approx
so £100 per week gross = 77.70 per week net all assuming you dont pay any pension contributions on this money

doodah

thanks a lot clapton that doesn't sound so bad

jbbonce

Is it possible to swap your first and second jobs around? cos i only earn £30 a week at the moment doing research from home, but hopefully i'll get a decently paid job after i graduate. if I pay 22% tax on my fulltime job and minimal tax on my little job, It won't be worth doing the second job at all will it?
can anyone enlighten me please?

CLAPTON

its simple really

taking your yearly earning april 6 to april 5
then your tax is :
pay no tax on the first 5035
then 10% on the next 2150
then 22% on the next 31150
then 40%

also you pay NI ...I can't quite find the figures at the moment but basically its worked out weekly / monthly per emplyment
so you pay 11% on the earnings between 97 and 645 per week and 1% on everything over 645 per week .

also if you are have a student loan (new type) you pay 9% on everything above 1250 per month

and if you pay into a pension you're likely to pay 6% of salary.


so my friend if you think losing 22% makes working not worthwhile you are in for a little shock.