Money Lesson Single

A second job

You want to earn another thousand a month. You can do more hours where you are, or take a second job. Those two routes are not taxed the same way, and only one of them is asked about at interview.

Appreciating Asset Earned Income Tax Efficient Capital Gains Retirement Planning
Employment Expenses ISA Savings Account Investments
Take the second job
1 Goal

Keep the practice job and add a second employer paying the rest.

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Employment Expenses ISA Savings Account Investments
Do more hours where you are
1 Goal

Take the extra clinic sessions at the practice, so one job pays the whole amount.

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Take the second job compared with Do more hours where you are

The same pay, earned from two employers instead of one, ends ~£101.4k ahead, because National Insurance is charged on each job separately while Income Tax is charged on both together.

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