Is it worth doing overtime?

shoes said:
Never understood this argument. Your overtime is taxed at the same rate as your normal pay, unless it pushes you over the 40% threshold, in which case you will pay 40% on whatever you earn over that threshold with their main wage.

Thus, earning £100 should lead to a take home of around £69ish.
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It just appears that way because you are getting your tax-free allowance on your normal pay so the overall % appears to be less. It's like when people say a 2nd job is taxed higher. It's just because they have already used their tax-free allowance.

It works both ways. Many people think working a bank holiday for double-time + a day off is great but it isn't. You are gaining 1 days pay. You get single-time and a day off for not doing it. I don't have this option anyway.
 
Depends on how much you value your weekends and what sort of work. If you just have to go in and can remote in to your home pc and do hardly any work then sometimes it can be worth it. But if you have to go in and do a lot of work then i would think twice about it.

We have this OT where i work, you work from home from 18:30 to 23:00 usually get about max 3-5 calls a week and you get £250 for the week.
 
I just got moaned at for applying to take overtime for this Sunday. (got a tech rehearsal for a school show) But yet, if I don't go, the rehearsal doesn't take place, yet they don't want to pay me for it? But I don't get overtaxed though :) so happy days.

Yikes...
 
I don't normally mind doing overtime, as long it's not nights on building sites, because instead of getting my normal rate £6.29pa I get the site rate, which has been as low at £5.93!

AND! they have the nerve to take 45 minutes of your wage which they call "lunch break". On my standard 12 hour shift I get paid for the full 12 hours, despite taking a 1 hour lunch break.

When I did overtime last, I did a 15 hour shift, they took 45 minutes off for lunch, despite it being a night shift and I was all by myself! it's not like during that 45 minutes I can leave site! it's crazy the way our wages work!

I'm doing overtime this weekend, they wanted me to work Friday-Monday (4/4 shifts, so I'd be working 8 days in a row! with no time off, I know it doesn't sound like much but when you consider that its 12 hour days, it's crazy!

Rant over lol
 
Hardly for me, I only really do it as a favour for the company/nothing better to do.

I only work 25 hours a week with leaves me with about £600 after tax. If I work full time, I'm only left with about £700 (so I'm only £100 better off for doing 15 extra hours a week, for four weeks). Before tax it should be about £1000, so I'm being taxed near enough £300.
 
I normally take home £1200
I worked 5 hours at double time - £20 * 5

Got £1250

Weak. Im asking to see if I can take double TIL in future (its usually only single TIL or double time pay though)
 
All this overtime is paying for the scrotes I see skinning up joints outside the job centre with 3 pushchairs (mega angry smiley)
 
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Good god yes, last month took home an extra £950, that was a very long month.

Student loan is annoying. Everyone says its free and you don't notice, lies I cry much notice it hen I do overtime. Or even a flat week.
 
sammo62 said:
/devil's advocate: On the other hand by doing more than your fair share of work when there isn't enough to go around you are stopping others from getting jobs.
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Doesn't work like that though, companies aren't going to hire more staff, that's a fixed cost which can't be changed. Overtime is handed out as and when needed and in tight times no overtime, no cost. Where employing someone, they would still have to pay. Then ontop off all that you have the cost of training and all the other associated cost.
 
When I was in a job where I could do it I did, OT plus on call allowances used to bump things up nicely.

As for student loan repayments, yeah they start off relatively low but as your salary increases it starts to become really annoying.

I'm pretty sure I only have a month or two left on mine, but worked out what my repayments would be in a new job I start in a few weeks and it's enough to make me cry a little :(
 
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