Help with 2nd Job and Tax/NI

libbysmummy

Hi there,

I currently work full time in the week 37.5hrs a week, no overtime. I am now loooking for a 2nd job of a weekend which will cover 15hrs which I presume (as I dont have the job yet) will be minimum wage. How much Tax and NI will I pay on the 2nd job? Im thinking if its too much its hardly going to be worth it.
Thanks for your help

McKneff

You will pay a full 20% tax. You will have had your tax allowance on your other full time job.

I think the threshold for NI is around £140 a week, if you earn under that you will not pay anything, over that, you will pay 12% on anything over the threshold.

Arfa__

Regarding NI: You may need to pay Class 2 NI for you second job. However you maybe except if you earn less than £5,595 for the tax year April 2012-April 2013. However you will need to submit an exception form, other wise you'll get a demand to pay some NI. This is called a 'Certificate of Small Earnings Exception', which you apply for using a CF10 form.

More details here:
http://www.hmrc.gov.uk/working/intro/class2.htm
http://search2.hmrc.gov.uk/kb5/hmrc/forms/view.page?record=yKpjabZqCc8&formid=433

PlutoinCapricorn

The Class 2 NI and claiming exemption on the grounds of small earnings apply only to the self employed. The OP mentions minimum wage for the second job, which suggests that it is PAYE.