Jobs

New! Two Jobs Salary Calculator

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.

A new beginning for 2015

As 2015 opens, it seems everyone I know is starting a new job! A common theme of conversations I’ve had is either promotions or moving jobs to a new company and new horizons. January is a popular time for people to make a fresh start, and what better way to do that than with a new job?

If you’re considering a move then The Salary Calculator is here to help – find out how much that new salary would bring home for you with the take home pay calculator, or even compare it side-by-side with your current salary with the salary comparison calculator. Maybe you’re thinking of improving your home life with a move to part-time work? The pro-rata salary calculator can help you see what would happen to your take-home if you reduced your hours in your current job.

Maybe 2015 for you is the year you go to university, or one in which you consider it. If this applies to you then I highly recommend Money Saving Expert’s page about the cost of university, and what those fees and loans mean – don’t make a decision about the cost of studying until you’ve read this guide, or at least watched the short video summary which appears just above point number 5.

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A fresh start in the New Year?

2014 has arrived, and for many people the start of a new year is a time to make a clean break with the past, and move on to new things. Often people join a gym, start a diet (after the excesses of the festive period!) – or look for a new job.

The new job could be a promotion at your current place of work, or a new opportunity elsewhere – and The Salary Calculator can help you as you consider your options. If you’re wondering what a new salary might mean for your monthly take-home, check it out on the take-home pay calculator. If you know how much you need each month and would like to know what kind of salary you should be looking for, try using the required salary calculator.

You might be considering supplementing your income not by getting a new job, but by being self-employed in your spare time. In which case, you can try out the tools at our sister site Employed and Self Employed, which will help you to see how your tax and National Insurance contributions will be affected by your additional income.

If you are making a new start in 2014, best of luck!

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Monday, January 6th, 2014 Jobs, Pay As You Earn No Comments

Your total tax bill for the year is…

Although The Salary Calculator helps you to see how much of your salary gets eaten up by income tax, National Insurance and other deductions, there are other ways in which the government gets its hands on your money. There’s council tax, for example. VAT on goods and services. And fuel duty on petrol and diesel.

The guys and girls at Money Sense, run by paydayloan.co.uk, have created an interactive tool that lets you see how much more tax you pay during the year through other means. Try out their tax calculator and see what percentage of your income goes to the government in one form or another.

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Becoming self-employed rather than un-employed

I read an interesting article this morning on the BBC News website about the phenomenon of people who are unemployed deciding to become self-employed rather than keep looking for “traditional” employment. Apparently, a significant number of people have found that it is difficult to find a job, but that they have been able to start and run promising businesses themselves – something they have found much more fulfilling than taking Jobseeker’s Allowance.

Our sister site Employed and Self Employed has a tax calculator you can use to see how much tax and National Insurance would be deducted from self employment profits, if you are thinking of starting your own business. There is also a more complex calculator if you already have a job but are thinking of becoming self-employed in your spare time – you can work out how much of your profits you would be able to keep hold of.

If you are unemployed and thinking of starting your own business, you may be eligible for some funds from the government to help you get started. More information is available here about the New Enterprise Allowance.

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