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Please click here to signup on our under 18s website instead. Register Login. Enter below if you are under 18 years of age I am under Enter below if you are over 18 years of age I am over Change site. Leave us a rating Want to tell us something? How much tax do I pay if I have a second job? Katherine Young August 17, Share with a friend:. Will your current employer allow you to work a second job?
Working time regulations Minimum pay requirements. Second job tax considerations. Second jobs and Income Tax. Income Tax on self-employed second jobs. Second jobs and National Insurance. Working and claiming the State Pension. Tax Credits and Benefits. What else do I need to check before getting a second job? This may be for a number of reasons, but is usually because: There might be a conflict of interest with your second workplace.
For example, working for a rival company Your second job might bring your employer into disrepute. Your second place of work may not be a company that your current employer would wish to be associated with. Working time regulations.
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These are covered in the sections below. In addition to paying income tax from your salary, other deductions include NI contributions. NI contributions are a tax that pays for state benefits. For more information, you can read our article which explains what NI contributions pay for, when you need to pay them and how much you have to pay. Unlike your annual personal allowance, NI is calculated in a different way.
This NI threshold is applied to each job you may have and does not usually take into consideration your total earnings across multiple employments. This means that you can easily under pay or overpay on NI. It may be in your interest to pay Class 3 voluntary NI to remedy any absent records of NI contributions.
Alternatively, if you have already overpaid, you can complete a form to request a refund. If you are an eligible jobholder for more than one job, your employers are legally obliged to automatically enrol you onto a workplace pension scheme.
You are considered an eligible jobholder where:. Help with meeting goals, tax-friendly saving, saving for children. Many people take on a second job to make some extra money, or as a stepping stone to starting their own business. One of the first questions you need to ask yourself is if your existing contract of employment lets you take on a second job. Start a webchat online or call us on You should have been given a copy of your contract when you started working for your employer.
And you might need to if you want to take on a second job. For instant money guidance based on your circumstances, get started with our Money Navigator tool. Her whole Personal Allowance is applied to her main job. Both of these are below the Personal Allowance, so he can split his allowance between the two jobs.
Or he can wait until the end of the tax year, and ask HMRC for a refund. You should only ask for your Personal Allowance to be split if your income from each job is predictable and stable. Unless Rebecca tells HMRC this, her second job will be taxed entirely at the basic rate, when some of it should be taxed at the higher rate. You can tell HMRC about starting a second job using the new starter checklist from your new employer. Taking a second job can affect your tax credits or other benefits.
But this might count as a change in circumstances and could mean you have to make a new claim for Universal Credit. Find out about extra sources of income and support available to help you manage your household bills and save money in our guide What benefits you can claim and other ways to increase your income.
Taking a second job might give you the opportunity to pay into another workplace pension scheme. If you pay a small amount into a pension in your second job, it might be worth combining it with a larger pension when you leave. This makes it potentially difficult to make sure your full Personal Allowance is being taken. This gives you nine months to prepare.
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