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Second job yes / no?

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WW10
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2014/10/17 19:11:17 (permalink)

Second job yes / no?

After a little bit of advice here.
 
I committed financial suicide last week after agreeing to work for a DW Fitness chain. Minimum 20 hours a week, maximum 28 on £6.58 p/h so just a little over minimum wage. The reason is the benefits which I won't go in to too much.
 
Now obviously the pay isn't great, but if they follow through with what they have promised I will have made a sound career choice but I just have to battle through this measly pay for 3-4 months which I believe is do-able as rent is minimum.
 
Now I went for an interview today for a part-time job. They want me to do 10-16 hours a week mainly Friday / Saturday night. Minimum wage, so roughly around £65.00 p/w before tax. Now when you take in to consideration the two-job tax law I'm beginning to toy with the idea whether or not this is worth it. Tips get shared between everyone (even chefs) so I can't see that being any more than maybe £15-20 for the 2 days I'll be doing.
 
I know it's probably a decision I'll end up making myself, just wondered if anyone else would give up their weekends to work 10 measly hours for less than minimum wage when you consider tax.
 
Cheers.

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#1

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    Dhiren
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    Re: Second job yes / no? 2014/10/17 19:26:53 (permalink)
    I would do it only if it was necessary to financially survive, pay bills etc otherwise no.
    #2
    Suspirio
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    Re: Second job yes / no? 2014/10/17 20:09:10 (permalink)
    It's worth it if you can be certain that HMRC won't fcuk it up and tax you too little only to hit you with a massive tax bill once they realise their mistake. https://www.moneyadvicese...g-in-more-than-one-job
     

    Your tax situation if you have more than one job

    If you’re working more than one job, as an employee it’s important to make sure you’re paying the right amount of tax. Errors can arise because of glitches in the PAYE (Pay As You Earn) process or because there’s confusion around your personal circumstances.
    The tax system treats one job as your main employment, and will apply your personal allowance – the amount of income you can get each year without paying tax – to that job.
    You could end up paying too little tax if you have a second job:
      • if HM Revenue & Customs (HMRC) doesn’t know you have two jobs and is applying your personal allowance to both, or
      • what you earn from both your jobs makes you a higher-rate tax payer, but tax is deducted from your second job at the basic rate
    This could result in you getting a big tax bill, and being charged interest and penalties.
    You could end up paying too much tax if the income from both your jobs adds up to less than your personal allowance.
     
     
    #3
    Rasputin
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    Re: Second job yes / no? 2014/10/17 21:45:02 (permalink)
    As above you shouldn't get taxed for working two jobs as clearly you are earning ti little. That said who the **** works for £7 an hour you could get at least £10 and a lot of snatch from working the door as a second job. 

    Ra Ra Rasputin lover of the Russian Queen, Ra Ra Ra Rasputin Russia's greatest love machine (Allegedly)
    #4
    JimJim
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    Re: Second job yes / no? 2014/10/17 22:21:26 (permalink)
    No. I would not. Unless ABSOLUTELY necessary to survive. 

    JUST GETTING BACK IN THE GAME 
    #5
    westbelfastguy
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    Re: Second job yes / no? 2014/10/17 22:56:23 (permalink)
    i really wouldn't like to have to. I'm fortunate in that my mortgage is quite low, so I get by. As it is now my full time job sees me leaving the house at 6:30 and not getting home until after 7 counting in gym time. My weekends are pretty sacred. Yes, I would work bank shifts in my old job to make up money if I needed to, but i'd really miss the downtime.
     
    I'd consider renting a room out first.
    #6
    WW10
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    Re: Second job yes / no? 2014/10/18 12:04:22 (permalink)
    I think I should just adopt you as a surrogate father Rasp and PM you personally for this type of advice haha.
     
    I've told them thanks but no thanks after they offered me a trial as they were trying to push me to work the floor despite me applying for the bar. I've had a door badge in the past, it expired in 2012 so I wonder if I'd still have to pay the full whack to re-apply.

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    #7
    sillynarbie
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    Re: Second job yes / no? 2014/10/18 14:34:42 (permalink)
    There is no two job tax law. You get taxed on the total amount you earn in a year.

    If you think you can manage it and won't be too exhausted and you need the money then why not?
    #8
    CloudStrife
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    Re: Second job yes / no? 2014/10/18 18:01:38 (permalink)
    As sillynarbie says there isnt a law. I hav a second job and im taxed 20% on all income from it and I get my personal allowance on my main job.
     
    Its casual so dont have to work if I dont want to do im happy with it.
    #9
    PAGAN
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    Re: Second job yes / no? 2014/10/18 18:19:06 (permalink)
    Absolutely. I'm hoping to secure a second income soon, ideally from PT'ing but failing that anything else I can lay my hands on. I earn decent money as a steelworker but overtime has been slashed and I'm around 10k a year worse off now. I can easily survive on what I earn but I'd much rather work more and earn more.  

    No biggie like, there are a lot worse things for you than using steroids, I mean I probably shouldn't have been smoking crack or getting into bar fights at your age TBH  - drab4

    #10
    Rasputin
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    Re: Second job yes / no? 2014/10/18 18:29:09 (permalink)
    welshwizard10
    I think I should just adopt you as a surrogate father Rasp and PM you personally for this type of advice haha.
     
    I've told them thanks but no thanks after they offered me a trial as they were trying to push me to work the floor despite me applying for the bar. I've had a door badge in the past, it expired in 2012 so I wonder if I'd still have to pay the full whack to re-apply.




     
    No problem happy to take PMs from anyone. 
     
    Mine expired in 2011 as well and I tried to find out about it. I think if its expired fairly recently you can just reapply for cheaper but still its only £200 iirc. 
     
     

    Ra Ra Rasputin lover of the Russian Queen, Ra Ra Ra Rasputin Russia's greatest love machine (Allegedly)
    #11
    westy19
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    Re: Second job yes / no? 2014/10/18 20:46:20 (permalink)
    Whilst the money might not be great if it eases the financial pressure then it is worth doing! Having to worry too much about money is a pain in the arse!

    Also bear in mind if you are working Friday and Saturdays nights then you won't be going out! Which can mount up!
    #12
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