We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Teacher - leaving one profession to start a new one... Complications ensue!
originalmiscellany
Posts: 1,655 Forumite
I'm in education and fortunately leaving education completely this summer.
I am contracted until the end of August (August 31st) which includes the 6 week summer holiday that I have "earned" over the year, as listed in my t&c etc.
My new employers want me to start work on August 1st, which means that there will be a potential problem where I have 2 employers for a month.
My options are:
a) Lose a months holiday and start my new job on the 1 August - (unlikely, as I have earned the holiday and can't afford to lose a months salary)
b) Take on 2 jobs simultaneously - is this allowed? What would the tax implications be?
c) Work voluntarily in the second job for a month and work out a way of getting money back later on?
d) My preferred solution - to work a bit of August but to take some time off unpaid so I don't get paid too much at all...
e) Any other solution?
I'd be keen to see if anyone can see an easy way of doing this or can reassure me that I'm not going to break any laws etc? I guess any teachers who have stepped into this position before might have come across this scenario?
Thanks for your help
I am contracted until the end of August (August 31st) which includes the 6 week summer holiday that I have "earned" over the year, as listed in my t&c etc.
My new employers want me to start work on August 1st, which means that there will be a potential problem where I have 2 employers for a month.
My options are:
a) Lose a months holiday and start my new job on the 1 August - (unlikely, as I have earned the holiday and can't afford to lose a months salary)
b) Take on 2 jobs simultaneously - is this allowed? What would the tax implications be?
c) Work voluntarily in the second job for a month and work out a way of getting money back later on?
d) My preferred solution - to work a bit of August but to take some time off unpaid so I don't get paid too much at all...
e) Any other solution?
I'd be keen to see if anyone can see an easy way of doing this or can reassure me that I'm not going to break any laws etc? I guess any teachers who have stepped into this position before might have come across this scenario?
Thanks for your help
Feb 2012 - onwards MF achieved
September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
April 2018 down to 28.00 months vs 30.04 months at normal payment.
Predicted mortgage clearing 03/2047 - now looking at 02/2045
Aims: 1) To pay off mortgage within 20 years - 2037
September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
April 2018 down to 28.00 months vs 30.04 months at normal payment.
Predicted mortgage clearing 03/2047 - now looking at 02/2045
Aims: 1) To pay off mortgage within 20 years - 2037
0
Comments
-
There is no law stating you cannot do 2 jobs at the same time. How you will split yourself if both employers want you at a certain place at the same time I cannot help you with.0
-
On the assumption that your old employer won't want you in August, then option a and b makes most sense (aren't they the same?). Just get paid by two employers for the month.
C - why would you?
D - negotiate a later start date.
Any excessive pay bang into pension or debt reduction.
You will most likely have had more holidays then most this year by then anyway.
Good luck.0 -
I'm a teacher - I don't see the issue. You just start your new job.
BTW congrats on getting out. I'm too old to consider that now - will just soldier on for another 8 years.0 -
[QUOTE=PeacefulWaters;6518279
You will most likely have had more holidays then most this year by then anyway.
.[/QUOTE]
Totally irrelevant.
As a retired teacher, the school holidays were spent recuperating, catching up with family, preparing for next term.
I took maybe three weeks off in the summer holidays.
To the OP.
Just agree a mutually convenient start date with your new employer.
Ok, you will pay tax on both salaries for August, but given the higher income, that is inevitable.
Enjoy the new job. Bet you won't miss all those parents evenings, reports to write, marking ... And everything else that you do in the evenings at present.0 -
Newly_retired wrote: »Totally irrelevant.
Touchy.
I considered it relevant because the OP seemed to see it as a possible problem when it really isn't.
What do you think the rest of the working population do with their 20 days of holiday?As a retired teacher, the school holidays were spent recuperating, catching up with family0 -
'My preferred solution - to work a bit of August but to take some time off unpaid so I don't get paid too much at all...'
How is it possible to get paid 'too much'? There isn't a limit.
Personally, I would go with whichever option earns you the most money. Presumably you will have already taken February half term, Easter and Spring half term holidays, and presumably you will be entitled to some holidays with your new employer, so missing August (when everything is expensive and the roads are a nightmare) is hardly the end of the world.No longer a spouse, or trailing, but MSE won't allow me to change my username...0 -
I think the issue of whether the old employer could require you to do something that conflicts with what the new one wants in the overlap period is key, and as this is an employment issue (the whole thing really has nothing to do with this board) then you would be better posting on the Employment board instead.0
-
As an aside:
You may be put onto emergency taxation for your new job. When the teaching job finishes, let the Inland Revenue know that you only have one job. I was in a slightly similar situation to you, and the new employer paid the tax overpayment back on a weekly basis over the rest of the tax year. They did not give me back a lump sump for the overpayment.0 -
Thanks for the feedback so far, it's certainly comforted me.
I think I will resign for end of August, and just work August in the new job but try to clarify tax codes etc beforehand so I don't get hit for 6 tax wise. Ugh!
As teachers know, you are exhausted at the end of term and often spend several weeks catching up and being normal. From other jobs I've had there are no other jobs which leave you so tired and drained. As the old maxim goes, if teaching is that good, why aren't you teaching! Only then feel free to comment on how hard it is
That said, all comments have been read, and I thank you for that.Feb 2012 - onwards MF achieved
September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
April 2018 down to 28.00 months vs 30.04 months at normal payment.
Predicted mortgage clearing 03/2047 - now looking at 02/2045
Aims: 1) To pay off mortgage within 20 years - 20370 -
Crikey.originalmiscellany wrote: »if teaching is that good, why aren't you teaching! Only then feel free to comment on how hard it is
These teachers like to put the barriers up.
Imagine if you weren't allowed to comment on bad service in the supermarket because you've never worked the checkouts.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards