I have finally been able to deliver something that has been on my “to-do” list for several years – a salary calculator for when you have two jobs at the same time. If you are considering taking on a second job to help make ends meet, or if you have two part-time jobs rather than one full-time job, it isn’t easy to work out what your take-home pay will be. If you’d like to try it out and see what a difference an extra job could make, head over to the Two Jobs Salary Calculator.

All the usual options are there, such as pension contributions, bonuses and overtime, to help you see all the details in one place. You can use the calculator without a tax code, or with a single tax code for both jobs, or with individual tax codes for each job if you have been given them by HMRC.

It can be quite complicated to work out the tax and other deductions for those who are working two jobs, so I hope this will be useful to some of you. It was also quite difficult to find a way to display all the options (like pension contributions from both jobs) without making it too hard to use. I hope I have succeeded, I look forward to hearing from people who have used it.

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None of the content on this website, including blog posts, comments, or responses to user comments, is offered as financial advice. Figures used are for illustrative purposes only.

I have been asked a number of times to add some options to the Pension calculations, and today I have done just that.

Auto-enrolment pensions have specific rules about how to calculate the amount which should be contributed – overtime and bonuses are included, for example, but the contribution is only on a percentage of the “Qualifying Earnings”. Qualifying Earnings are your employment income between a lower and upper threshold, which from 6th April 2019 will be £6,136 and £50,000 respectively.

Other pension types have more flexibility, which is why the Salary Calculator has been updated, and if you select an Employer, Salary Sacrifice or Personal pension, you can now choose whether to have contributions based on your whole salary or on your qualifying earnings, and whether or not to include overtime and bonuses in the calculations.

Why not head over to The Salary Calculator, click on the Pension tab and see whether these options might affect your take-home pay?

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Starting from April 2019, repayment of new Postgraduate Student Loans will be done through Pay As You Earn (PAYE). As The Salary Calculator has just been updated with the April 2019 figures, repayment of postgraduate loans has been added so, if this applies to you, you can see what effect this will have on your take home pay.

These loan repayments are in addition to Plan 1 and Plan 2 student loan repayments, which you may have from undergraduate courses you have studied. Postgraduate loan repayments are calculated as 6% of gross annual earnings over £21,000. More information is available from the Student Loans Company.

Also, so you can see how your loans are being repaid, if you select more than one loan type on The Salary Calculator you will be able to click for a breakdown of how the repayments are distributed to your different student loans.

Because this only comes in to effect from April 2019, in order to see the effect of postgraduate loan repayments you will need to select “2019/20” from the Tax Year drop-down. Head over to The Salary Calculator to check it out!

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The Salary Calculator has been updated with the tax rates which will take effect from 6th April 2019. There is a significant increase in the tax-free Personal Allowance from £11,850 to £12,500 per year, and outside of Scotland the threshold from 20% basic rate to 40% higher rate income tax has been increased to £50,000. Scottish tax thresholds are different from the rest of the UK, current information suggests that they will not increase as much as the UK rates will.

There have also been increases in the thresholds for Plan 1 and Plan 2 Student Loan repayments, so those paying off their loans will find their repayments lowered in the new year.

You can try out the April 2019 tax rates for yourself by choosing “2019 / 20” in the Tax Year drop-down on The Salary Calculator. You can also see a side-by-side comparison of 2018 and 2019 with the 2018 and 2019 income tax comparison page.

The calculator has been updated with the best information currently available – if any of the details change before the start of the tax year the calculator will be updated to reflect those changes.

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The Salary Calculator has been around since 2005 and although many new options have been added since then, the site has never had a complete redesign – until now. Working with designer Dan Gallagher-Cowley, the site has been given a refresh and a much more modern look.

All the same options are there for you to personalise your tax calculations, but laid out in a way which we hope will be easier to use and less daunting for visitors who are unfamiliar with all the terminology. One big change is that you enter all of your details first, and then see the results on the next page (instead of the results being side-by-side with the options) – once you get the results, you can scroll down to modify the options and re-calculate if you wish. I know a lot of people liked the side-by-side layout, but unfortunately I was running out of space for options and this new design gives much more space to add new features. For example, it has now been possible to add auto-enrolment pensions.

The new design also works on mobile devices, so I have removed the dedicated mobile version of the site (which only had a couple of pages, and was missing some options) – mobile users can now use every page of the site and will get new features as soon as they are available on the main site.

I’m going to keep experimenting with the design and continue to make changes to try to optimise the experience of users on the site. I know there will be some who preferred the old version of the site but I hope most of you will find the new site easier to use! Try out the new-look Salary Calculator.

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