Tax on second job?

Girl Incognito

I'm working full-time on a salary of €30,000 p.a.

I have been offered a part-time job in addition to this, on a salary of €15,000 p.a.

How will this work for me after tax? Does it work out the same as if I were working one job with a salary of €45,000 p.a.? I'm unmarried with, I guess, standard tax credits.

Is there anything I'll need to do differently if I go ahead with this, like any special forms etc, or will payroll in both companies take care of everything?

Thanks.

mo11y

You'll need to contact Revenue with the Employers Registered Number for your second employment. You can discuss with them what your best option is but you can either split what credits and cut off you have between the two employments or have all with one. Assuming you have "normal" cut off you should be able to give some over to your second employment without affecting your tax on the first. Just make sure Revenue know you are working both places and ask for a review of your tax when you get your P60's in the new year to make sure you haven't paid more than you need to.

Howjoe1

Be careful you don't end up with an underpayment of USC.

The first €10,036 is taxable at 2%. But this is based on cumulative earnings and the 2% rate should not be applied by the second employer also.

hfallada

Here is deloitte tax calculator http://services.deloitte.ie/tc/

Its says if you earn 45k instead of 30k. You will only have an extra 7788 per year net of taxes(in 2015 you will have an extra 500 more due to tax changes).