2nd Job Query

campbell19925

Hello,

I have a main job through the week salaried at 39k P.A (soon to rise) and I have an interview tomorrow for a bar job on weekends which will pay minimum living wage. It won't be cash in hand. I am just thinking is it worth it? What are that tax implications of it?

Does anyone have any help/advice?

It's just for some extra cash as Mrs is on ML and we're a bit short.

Thanks for any help

Ja7188

Unless you're about to get a big pay rise in your main job, your total earnings will below the level at which you start paying higher rate tax, so your earnings in the second job will all be taxed at 20%. Only you can decide whether or not this is worth it...

Your main employer may expect you to declare that you're taking on a second job but in my experience, they're highly unlikely to have an issue with it unless the bar somehow competes with them - check your contract to be sure.

[Deleted User]

Not sure how many hours you would do at the weekend but assuming your over 25 and therefore minimum wage is £8.21.

Let’s say 10 hours for easier maths.

That’s £82.10 for the weekend, over a year (52 weekends) that’s just over £4200.

Up to you to decide if that’s worth it and remember tax and ni to come off plus loss of weekends or some of it anyway.

Obviously adjust my workings accordingly to hours.

NeverendingDMP

How long is she on maternity leave for. If its going to ling enough to put her below tax thresholds she could swap some of her tax allowance to you this year. That might help a little bit
Job wise it may not feel worth it but if its necessary in the short term then you may need to go for it.

chrisbur

MarkN88 wrote: »

Not sure how many hours you would do at the weekend but assuming your over 25 and therefore minimum wage is £8.21.

Let’s say 10 hours for easier maths.

That’s £82.10 for the weekend, over a year (52 weekends) that’s just over £4200.

Up to you to decide if that’s worth it and remember tax and ni to come off plus loss of weekends or some of it anyway.

Obviously adjust my workings accordingly to hours.

On details given so far unlikely to be any NI deduction as falling below the earnings threshold (£166 a week ) so just tax at 20%

[Deleted User]

I know people who work a full time day job and also work a couple of evenings a week in a bar. It can be done.

System

As long as you're combined income is less than £50,001, then it'll all be taxed at 20%

Dazed_and_confused

As the op didn't say where they were resident for tax purposes I think that's a bit presumptuous.

Might be £50k, might be much less.

System

Dazed_and_confused wrote: »

As the op didn't say where they were resident for tax purposes I think that's a bit presumptuous.

Steady on cowboy, not backward in coming forward. We'll wait for OP to clarify...

Dazed_and_confused

Have looked at some of their other posts and it looks like they are considering buying a property in Lancashire so £50k probably is the correct figure

TBagpuss

You'll need to let your new job know about you full time job and earnings so they can set up the appropriate tax code.

Check your contract with your main job - it mayrequire you to get their agreement bfore taking on a second job