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Sam
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Category: Tax
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Have job 15 hrs a week..14.000 gross per year..and full time

Resolved Question:

Have job 15 hrs a week..14.000 gross per year..and full time pension of 14.400 per year,.looking to take another job, but varying hrs from 10/15 per week at £6 per hr..how, or will this affect my tax thanks Elaine
Submitted: 3 years ago.
Category: Tax
Expert:  Sam replied 3 years ago.

Hi Elaine

 

 

Thanks for your question

 

 

 

You will be taxed BR (basic rate - as all your personal allowances are used up against the current employment OR the pension) as long as this further employment is less than £14075 a year - if more than £14075 then you start to come into the 40% tax band, and in essence any income over that threshold - will need to be charged 40%

 

So £6 an hour x 15 hours (the most you will do) = £90 a week x 52 weeks = £4680 - so you will just suffer 20% tax = £936 a year and per week £90 gross tax of £18 leaving you with £72 a week (no National Insurance as its below the threshold for this position)

 

Do feel free to ask any follow up questions

 

 

Thanks

 

Sam

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