Second Job - Is is worth it?

stamina9008

My first Job, i only earn £15386 a year
My second. id earn £600 pcm

Whats the take home, tax wise?

*Please do not be insulting, condescending, overly witty, deliberately inaccurate, unsympathetic, patronising, critical, degrading, hurtful or conceited.
Please just answer the question if you can, we all have to live together, regardless.

Alice_Walker

https://listentotaxman.com

gettingtheresometime

Don't know what the tax situation is but I did a 2nd job for about 2 yrs on top of doing a 40 hr week in my main job.

It was tiring but worth it.

One question I do have for you is does your main job employer allow you to have a 2nd job?

stamina9008

gettingtheresometime wrote: »

Don't know what the tax situation is but I did a 2nd job for about 2 yrs on top of doing a 40 hr week in my main job.

It was tiring but worth it.

One question I do have for you is does your main job employer allow you to have a 2nd job?

I dont understand, why wouldnt they allow me to have a second job?

pinkfluffybabe

stamina9008 wrote: »

I dont understand, why wouldnt they allow me to have a second job?

Some employers state in your contract that you need permission, and some don't allow it at all. I think it would depend if they saw a conflict of interest between the two jobs.

vegasvisitor

Many employers expect you to declare second employment, you would need to check your contract of employment to find out.

I took a job last year, and there was a requirement to declare. It didn't interfere with my work (I was merely doing a few mystery shops - meals at weekends) but the manager brought it up with me twice. She also had other unreasonable expectations, and I left the job. My new workplace is fine with the part time work, and I don't even think my direct manager knows about it.

As for tax implications, I think it will be fine. Your main employer will continue to tax you and take your NI contributions as usual. Your other employer I think will take 20% tax on all of your earnings, but I'm sure there's less NI to pay than if the two lots of earnings were combined.

getmore4less

stamina9008 wrote: »

My first Job, i only earn £15386 a year
My second. id earn £600 pcm

Whats the take home, tax wise?

*Please do not be insulting, condescending, overly witty, deliberately inaccurate, unsympathetic, patronising, critical, degrading, hurtful or conceited.
Please just answer the question if you can, we all have to live together, regardless.

You pay less tax(NI) on a second job than adding the earnings to your first job.

That may still be less than doing the same hours in your normal job as overtime.

theoretica

stamina9008 wrote: »

I dont understand, why wouldnt they allow me to have a second job?

Employers may also be concerned to keep an eye if you are working more than 48 hours a week because of the working time directive.

bugslet

stamina9008 wrote: »

I dont understand, why wouldnt they allow me to have a second job?

As above, WTD. Our driving staff can't have a second job because if they did they could breach the 48 hour rule and it would be us the employer that gets into trouble.

If you only ever do 40 hours, it may not be an issue.

Sandhy

In my contract it states I would not be allowed to work for a competitor within the same industry.

Alice_Walker

Sandhy wrote: »

In my contract it states I would not be allowed to work for a competitor within the same industry.

A term which may be unfair and unenforceable, depending on the context.