2nd job tax query
Discussion
I'm currently employed by royal mail on a 28hr contract but I've been offered a job in a workshop to help restore classic cars on my day off during the week plus a half day (so about 15hrs per week). The boss is wanting everything on the books for insurance purposes etc.
What type of tax bracket/payments would I expect to pay on this ~15hrs and how would it effect my tax and NIC payments through Royal Mail?
Cheers.
What type of tax bracket/payments would I expect to pay on this ~15hrs and how would it effect my tax and NIC payments through Royal Mail?
Cheers.
You will be treated as an employee on the garage payroll - as a second job, you will be on a BR code meaning a flat 20% income tax will be deducted. The NI is also treated as a seperate matter, meaning that you can earn £155 per week without paying anything and thereafter 12% up to £815 per week.
For example, if you were paid £300 for your 1.5 days, you would have deductions of £60 income tax and £17.40 Class 1 NIC, leaving £222.60 net.
This has no interaction with your primary employment.
David
For example, if you were paid £300 for your 1.5 days, you would have deductions of £60 income tax and £17.40 Class 1 NIC, leaving £222.60 net.
This has no interaction with your primary employment.
David
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