The K M Links Game - November 2024 Week...
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two jobs?
I work full time as a receptionist but in the current economical climate i am finding, even with my husbands wages we are findng ourselves, not short but just low on funds.
Now if i where to take a second job, doing say a few hours a week in a supermarket how would this effect my tax etc?Or could i transfer all tax/national insurance deductions onto my second wage so i would not loose so much from my full time job?
Just looking for some advice thats all.Cheers guys
Now if i where to take a second job, doing say a few hours a week in a supermarket how would this effect my tax etc?Or could i transfer all tax/national insurance deductions onto my second wage so i would not loose so much from my full time job?
Just looking for some advice thats all.Cheers guys
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hi firewatch. what your employers should do is....
on your main/higher income, you would have your tax code allowance. on any other income, you would be taxed at Basic Rate (20% of those earnings)
you would still have national insurance deductions on both (as far as i am aware), as long as your earnings meet or are above the NI earnings threshold (approx �465 a month at the moment I think). So possibly, depending on your hours for the 2nd job, you maybe wouldnt pay NI on it?
Hope this is clear (as mud?!)
on your main/higher income, you would have your tax code allowance. on any other income, you would be taxed at Basic Rate (20% of those earnings)
you would still have national insurance deductions on both (as far as i am aware), as long as your earnings meet or are above the NI earnings threshold (approx �465 a month at the moment I think). So possibly, depending on your hours for the 2nd job, you maybe wouldnt pay NI on it?
Hope this is clear (as mud?!)
Yes, the above is broadly correct.
I wouldn't try mucking around with your main job - they will end up paying the same in NI and tax whatever happens.
Leave the main job with your tax code. Your second job will be coded as BR, meaning basic rate tax is deducted (20%). Your main job NI is unchanged. You will pay NI also on the second job if your earnings exceed the threshold of just over �100 per week.
I wouldn't try mucking around with your main job - they will end up paying the same in NI and tax whatever happens.
Leave the main job with your tax code. Your second job will be coded as BR, meaning basic rate tax is deducted (20%). Your main job NI is unchanged. You will pay NI also on the second job if your earnings exceed the threshold of just over �100 per week.
Hi Firewatch
I don't know if it's exactly the same but I'm registered as self-employed and pay a basic rate of tax (20%) on this income. My main job remains unchanged with my tax / NI
I did enquire a while back about taking on a second job as an employee and I was led to believe as Buildersmate says, that this will be calculated as a Basic Rate. I would not change anything with your main job, as that is what it is - just make sure your second job is calculated as BR and you should be fine.
I don't know if it's exactly the same but I'm registered as self-employed and pay a basic rate of tax (20%) on this income. My main job remains unchanged with my tax / NI
I did enquire a while back about taking on a second job as an employee and I was led to believe as Buildersmate says, that this will be calculated as a Basic Rate. I would not change anything with your main job, as that is what it is - just make sure your second job is calculated as BR and you should be fine.
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I lost my job few years ago and after that I just couldn't find a new one. Nobody was hiring. I am so glad that my friend told me about this...
I work from home for few years now. The company is legit and has been on the market since 1999. They pay me every time - no issues. I will show you my paypal account, so you will be sure that this is not just another scam! You can start for free and work when you have time.
But, if you decide to work from home (online), you need somebody to show you what do you have to do, otherwise u will do too many unnecessary things. I started on my own, and I was not making any progress for quite a while.
Please take a look at video on my web site. You will get the idea what is it all about. I would like you to watch it because you can see payment proof in it, so you will know that I am not lying or anything. Video : http://legitonlinejob.easyurl.net
If you decide to join use that link, so I will be your sponsor and I will be able to help you get started and along the way.
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