AdeleW398
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RE: Part time second job tax
Hi! (like ChrisF, I also can't see where to start my own post or question so I also apologise if this isn't the appropriate place to put forward my own query!) I currently work full time with an annual salary of £25,752, I am considering / wanting to get a second part time job, temporarily, just to help with some extra finances over the next few months. However I only want to do this if it’s financially beneficial, if the tax ends up swallowing most of the earnings then I won’t bother. Could someone please let me know how it all works and how much I would potentially have to pay in tax and national insurance etc? I am happy to work it out myself if it’s explained in percentages. But I’d be grateful for any help/advice as I have absolutely no clue on this! For context, I’d be looking for a minimum wage job, only a few hours each weekend. Worst case scenario, the most I would be looking to earn would be maybe an extra £60-70 a week, so definitely no more than £3-3500 a year total. But again, because this is such a small amount, if it gets swallowed up by tax and national insurance then I won’t bother as it wouldn’t be worth it for me. Please dumb it down and explain it to me like I’m a child if possible lol. I just want to make sure I won’t be leaving myself short or working extra hours for next to no extra money! Thank you very much in advance.