Having a second job

pugwash83

pugwash83

pugwash83

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9 Sep 2009
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29
Basically I earn £16,000 a year working 35 hours a week, monday to friday.
I want a second job to earn more. The second job would be working Weekends, Saturday and Sunday, 9-5 . The second job gross pay would be around £120 per week (£60 per day).
I was looking for a something to supplement my income by around £100 a week, but I was thinking it'll be more like £80 after tax.
Just looking for experiences. Has anyone done something similar to this? What was your take home pay, did you feel it was worth it in the end?
Cheers guys
 
I did this for over 1.5 years did a 40+ hour job Monday - Friday then a 16hour job on weekends, i was totally ruined i did not know if i was coming or going. I once drove to my week day job on a Saturday totally oblivious when I could not understand why the car park was empty.

Personally the money is great little extra and comes in handy but on reflection it was not worth it, i had no social life and had little time to even spend the money i earned.


naturally you will be on a higher tax code, seriously weigh options up
 
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colzboppo said:
You'll be on a higher tax code rate for the second job too, not worth it at all unless your really struggling.
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you pay the same tax on 20 jobs earning 1000 a year as you do on 1 job earning 20k a years I thought...

only the first ?10? jobs will look as if they pay more as you have a 10k tax free income or something like that..
 
stoke1863 said:
so you would work 7 days a week?

i know id rather have £80 less then work all week
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Yeah, 7 days. I wouldn't be doing it unless I was really struggling at the moment. I feel its something I need to do as I also have a lot of holidays this year from my Current job (over 30 days) so I could take maybe 2/3 days a month for them. My main goal is to change the first job to a better paying one, but I don't know when that will be.
 
Oh also check;

Check your contract as well, The job i have now has written in my contract i cant do a second job exceeding 12hrs as they believe it will affect my week day job as there needs to be a healthy balance of social/work aspect because the week day job is so intense!
 
pugwash83 said:
Basically I earn £16,000 a year working 35 hours a week, monday to friday.
I want a second job to earn more. The second job would be working Weekends, Saturday and Sunday, 9-5 . The second job gross pay would be around £120 per week (£60 per day).
I was looking for a something to supplement my income by around £100 a week, but I was thinking it'll be more like £80 after tax.
Just looking for experiences. Has anyone done something similar to this? What was your take home pay, did you feel it was worth it in the end?
Cheers guys
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I've always had a second job, I currently earn £26k in my main job and a minimum of £75 a week from my second job.
As to whether it's worth it that's entirely subjective, my two jobs are very different (but I get paid a lot less for the second one, £10/hr compared to £14 + generous holidays etc) so I don't feel too stretched even working 7 days a week (although I try to keep one day free)
I'm currently in line for a backdated regrading in my main job to £31k, at which point I'm going to cut down or maybe stop my second job completely.
 
I think I'm going to be looking at getting a sencond job when I get my own place, fortunately my current working hours are 16.30 - midnight, so I'll be looking at working about 4 hours during the day for 3 or 4 days a week.
 
mike66uk said:
It won't affect your rate of tax as you are only earning £16k at the moment and are no where near the 40% tax bracket.
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This is how I thought it worked. You'll only be taxed at a higher rate once you're earning the higher rate gross wage.

You could have 3 jobs each paying 10k and still only pay 20% tax (am I right?).
 
BennyC said:
This is how I thought it worked. You'll only be taxed at a higher rate once you're earning the higher rate gross wage.

You could have 3 jobs each paying 10k and still only pay 20% tax (am I right?).
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Yes you are right. If both jobs are in the PAYE bracket then you will have your full allowance against one and none against the other, but taking all earnings into account you will pay the appropriate amount of tax for your total earnings from all emplyments.

Not sure about the NI position though.
 
BennyC said:
This is how I thought it worked. You'll only be taxed at a higher rate once you're earning the higher rate gross wage.

You could have 3 jobs each paying 10k and still only pay 20% tax (am I right?).
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That's correct but what was being pointed out was that you'll pay proportionately more tax on the second and third jobs. In your example, you'd take home more pay from the first job than the second and third but you'd still end up with the same take home pay as someone who has one £30,000pa job.
 
For every £1 you get paid in the second job you will get 68p net. This is 20p tax and from April 6, 12p national insurance contributions. The effect is the same for every extra £ you earn in your main job.
 
kai said:
Check your contract as well, The job i have now has written in my contract i cant do a second job exceeding 12hrs as they believe it will affect my week day job as there needs to be a healthy balance of social/work aspect because the week day job is so intense!
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^^^^

I have the same, better make sure otherwise if they find out you might be back down to the one job quicker than you thought.
 
daver said:
For every £1 you get paid in the second job you will get 68p net. This is 20p tax and from April 6, 12p national insurance contributions. The effect is the same for every extra £ you earn in your main job.
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national insurance is an odd one, well it always seems to be a "random" amount on my second job payslips, I think it's to do with them calculating it monthly rather than on an expectation for the year, and I'm not sure if the hours worked thing (not sure what difference it makes, maybe changes the class of contribs? :confused: ) applies seperately to different jobs.
 
chimaera said:
^^^^

I have the same, better make sure otherwise if they find out you might be back down to the one job quicker than you thought.
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If you do have something like this it's always worth talking it through with them, I pointed out to my bosses in interview that it was probably better I was working a couple of evenings a week than going out the same evenings drinking (which so long as you were in work the next day they'd never say anything about)
 
I did it for about 3 months, good to save up extra cash in a short space of time. I was getting very run down and tired though in a short space of time!

You find you have very little time to socialise, spend money and earn not a great amount more. You do spend a lot less though as you have no time to spend it.

I would say it is worth doing it for a couple of months, but would hate to do it for any longer than that. I am assuming you are trying to save up for something in particular or just trying to improve your savings in general?
 
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