Will I have to pay more tax?

Jolysium

Hi clever people, please help! I currently work a full-time job that pays £39.5K. I am considering taking an additional job at minimum wage for a few hours a week but don’t want to end up worse off! How do I work out if this might happen please? 

la531983

Well you wont be "worse off", all earnings in your second job would be taxed at basic rate for another £10k per year or so but you will still have more money doing the job than you would have not doing it.

Unless you are worried about eligibility for a benefit you arent telling us about?

Dazed_and_C0nfused

Jolysium said:

Hi clever people, please help! I currently work a full-time job that pays £39.5K. I am considering taking an additional job at minimum wage for a few hours a week but don’t want to end up worse off! How do I work out if this might happen please? 

Unless you are Scottish resident for tax purposes you will pay 20% tax on the extra job but quite possibly no NI (each job is looked at separately for NI purposes).

If you start earning above £50,270 (in total from both jobs) then you would have some 40% tax to pay.  But only on the amount above £50,270.

[Deleted User]

Jolysium said:

Hi clever people, please help! I currently work a full-time job that pays £39.5K. I am considering taking an additional job at minimum wage for a few hours a week but don’t want to end up worse off! How do I work out if this might happen please? 

You have a simple choice. 

Take the job and take home 80% of the salary from it 

OR

Don’t take the job and take home zero. 

Jolysium

Thank you all! Seems I was just overthinking it.