part time jobs?

shezzy

Hi there, just wondering if anyone knows how i stand with tax being taken off for part time work, i've been working 15 hrs and now have an opportunity for a second job, if i do another 15hrs will i still not be charged tax or will they find out and charge me for the two jobs together, they are at different employments.

shezzy

chrisbur

shezzy wrote: »

Hi there, just wondering if anyone knows how i stand with tax being taken off for part time work, i've been working 15 hrs and now have an opportunity for a second job, if i do another 15hrs will i still not be charged tax or will they find out and charge me for the two jobs together, they are at different employments.

shezzy

Tax due is worked out on your total income, however many jobs or souces of taxable income you have. When you start your new job you should be given a P46 to fill in which will have on it option C

"C – I have another job or receive a state or
occupational pension."

When you tick this option you will be taxed on BR code which means that 22% will be deducted as tax.
Depending on what your earnings are in your first job this may be too much tax and the tax office may adjust this code to get a closer figure. If you do pay too much tax it will eventually be paid back to you when the year ends.

As far as National Insurance is concerned, providing the two jobs are with two different employers then they will be treated seperately and you will only pay NI on earnings over £100 per week in each.

C

Herbee_2

Hello!

I have a question regarding tax and wages.
I have a full time job and earn approx £15,000 gross. I am applying for a second job doing admin for a property company from home. My question is - how much do I charge for this - that would make it worthwhile. (In addition - is it just the income from the second job that is taxed at 40% or the income from both) Basically - is it going to be worth getting a second job? (cant go back to working cash in hand in bars!! shudder!!)

PasturesNew

Herbee wrote: »

I have a full time job and earn approx £15,000 gross. I am applying for a second job doing admin for a property company from home. My question is - how much do I charge for this - that would make it worthwhile. (In addition - is it just the income from the second job that is taxed at 40% or the income from both) Basically - is it going to be worth getting a second job? (cant go back to working cash in hand in bars!! shudder!!)

The 2nd job would be charged at the standard rate of tax, NOT 40%. 40% applies once your total income (from all incomes) gets close to £40k.

If you are employed by the 2nd employer, they will tax you 22% on all your earnings. But you would only pay NI on your 2nd job if/when that job earns you over £100/week (roughly).

As for how much you charge for the 2nd job, that makes it sound like you would be self-employed, in which case you would have to declare yourself self employed with the tax office within 3 months and do an annual Tax Return Form. But you should ask for the rate for the job.

How much any job is worth is an amount of: how much the employer thinks they can get away with, how much you think you can screw out of them, the skills/equipment required, the payment terms, the longevity of the work, the hassle-factor and local conditions.

In some areas this might be £6/hour. Others it might be £16.

ElaineE_2

Hi can anyone advise me on thsi?
I teach aprt time in adult education centres. I earn £130.00 per week but only for 30 weeks each year (3 terms) I do not get holiday pay.
Is this enough to cover me to qualify for my state pension?
I have ask for a state pension forecast as I am 54 and dont want to be short of the qualifying years when I retire at the age of 63. I will probably have this job until I retire.
Also I earn a few thousand pounds each year freelance and show this on my self assessment. I dont pay a self employed stamp - would it help my penison if I did?

LittleVoice

Hi, Elaine

Not answering the questions you asked (!) but you should receive holiday pay. These days it is normally paid at the end of the term.

Do they pay you monthly, depending on the number of hours you have worked in the month? (When I worked in adult ed, I put in a claim each month - but that was many years ago, before statutory holiday pay came in.)

Conor_3

ElaineE wrote: »

Hi can anyone advise me on thsi?
I teach aprt time in adult education centres. I earn £130.00 per week but only for 30 weeks each year (3 terms) I do not get holiday pay.
Is this enough to cover me to qualify for my state pension?
I have ask for a state pension forecast as I am 54 and dont want to be short of the qualifying years when I retire at the age of 63. I will probably have this job until I retire.
Also I earn a few thousand pounds each year freelance and show this on my self assessment. I dont pay a self employed stamp - would it help my penison if I did?

Why do you not get holiday pay?

And no, it might not with the 22 week gap. There's a telephone number you can ring up that'll tell you the predicted status of your state pension.

Why are you not paying Self Employed stamp? The only way you cannot be doing this is if you've not registered as self employed which is breaking the law. You should be getting a quarterly bill for Class 2 NI.

Gemmzie

Conor wrote: »

Why are you not paying Self Employed stamp? The only way you cannot be doing this is if you've not registered as self employed which is breaking the law. You should be getting a quarterly bill for Class 2 NI.

There's an earning threshold for Class 2 NI - you don't have to pay it if you earn under £4893 (I think that's the figure) a year.

Savvy_Sue

When I was last self-employed you could apply for an exemption certificate for NI if your anticipated income was going to be low.