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Tax on a second salary
Jackjack21
Posts: 96 Forumite
Hello,
Sorry if I have posted this in the wrong section.
I am currently employed full time and earn £16k but I am looking for some weekend work. I have been doing some research and I could be earning around e.g. £200 a month, but I am not sure how my tax is affected.
Would I simply be taxed the maximum of 20% on my second salary and my main salary would remain the same?
Looking forward to your responses,
Thanks.
Sorry if I have posted this in the wrong section.
I am currently employed full time and earn £16k but I am looking for some weekend work. I have been doing some research and I could be earning around e.g. £200 a month, but I am not sure how my tax is affected.
Would I simply be taxed the maximum of 20% on my second salary and my main salary would remain the same?
Looking forward to your responses,
Thanks.
0
Comments
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Jackjack21 wrote: »Would I simply be taxed the maximum of 20% on my second salary and my main salary would remain the same?
As your main job is using up all your tax-free allowances then yes you would be taxed at 20% on all of it. They should apply a BR tax code to this job.0 -
The good news is that you're unlikely to have to pay any National Insurance on the second salary, so you'll be £24 better off than if you were earning £200 a month more in your first job.0
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Thank you for your replies.
What about NI? Will I have to pay that on my second salary?0
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