Tax & National Insurance on 2 jobs

Question_2

I am currently working Monday to Friday but I am thinking about getting a Saturday & Sunday job aswell but I would like an indication on how much more Tax and National Insurance I would have to pay?

Rockingsurfer

Work on the assumption that you will lose about one third of your Saturday and Sunday pay to PAYE & NIC. Unless of course the second job will push you into the 40% tax bracket.

RS

Question_2

If I did get a second job I presume I would just contact the inland revenue and let them know about my second job, but if I quit my second job would it cause implications with my tax code on my main weekly job?

LittleVoice

As long as you are employed and not self-employed, you do not need to contact HMRC about your second job. I also assume you would not be due to pay 40% tax on the top slice of your earnings.

You will be getting your full tax allowance on your Monday to Friday employment. Your weekend employer will need to deduct basic rate tax from all your pay. They will also deduct NI from your earnings.

If you left your weekend job, there would be no implications for your first, main, employer - they would still be operating your tax code as before.

CLAPTON

assuming you do not pay 40% tax then you will pay
22% tax on you second job
and if you earn more than 100 per week on the second job you will pay 11% on the amount over 100 per week

Question_2

For example if I earned £300 per month on my 2nd job how much Tax and National Insurance would I pay?

(from what you have stated above I take it that my main job will be untouched as far as Tax and NI is concerned, is that right?)

Thanks

tigtag02

Question wrote: »

For example if I earned £300 per month on my 2nd job how much Tax and National Insurance would I pay?

(from what you have stated above I take it that my main job will be untouched as far as Tax and NI is concerned, is that right?)

Thanks

On the 2nd job you would pay £66 tax [STRIKE]and £33 NI [/STRIKE]only if this DIDNT take you over the 40% bracket.

What do you mean by your 1st job would be untouched? You will still pay tax and NI there.

EDIT: I had a Brain F@rt appologies - CLAPTON is right as far as NI is concerned.

CLAPTON

Question wrote: »

For example if I earned £300 per month on my 2nd job how much Tax and National Insurance would I pay?

(from what you have stated above I take it that my main job will be untouched as far as Tax and NI is concerned, is that right?)

Thanks

you would pay 66 in tax and no NI insurance as you earn less than 100 per week.
Your normal monday-friday salary and tax/NI would be the same as previously.
(all assuming you donot go into 40% tax bracket)

Question_2

CLAPTON wrote: »

you would pay 66 in tax and no NI insurance as you earn less than 100 per week.
Your normal monday-friday salary and tax/NI would be the same as previously.
(all assuming you donot go into 40% tax bracket)

Do you mean less than £100 per week?

Question_2

Beat me too it, did say 10/week at first...


So i take it you pay no NI if you earn less than 100 per week, I have read on various websites that I should contact the inland revenue, how did you work out the sums, is there a method to work it out? Thanks

CLAPTON

if you earn less than 100 per week in an employment you do not pay NI otherwise you pay 11% on the amount over 100 per week ... so zero if you have 300 per month.
Tax is 22% of 300 which is £66 per month.