Most of the students studying in UK prefer to work part-time while studying simultaneously to earn some extra cash. Half of the students who work part-time earn about £100 per week and some earn up to £6000 per year.
According to a recent survey, it is found that more than half of the students work to finance their studies and other expenses.
The average part-time weekly wage across the UK is £112.20 a week, but the top 15% of students take home more than £200. Students in the east of England earn the most, at £131.70 per week on average.
Those who study in Scotland are most likely to work, with two-thirds (67%) having some sort of job. Students in the east of England and East Midlands appear least likely to get jobs (44%).
Students mostly rely on work to pay for some or all of their expenses during university lives along with help from parents, debt, savings, and government grants.
Part-time work is the preferred option for most students, with girls more likely to work than boys (60% v 44%). Most work an average of 17.8 hours each week.
Those studying in Scotland also work the longest hours, clocking up on average 20 hours of work each week. Students in the East Midlands, by comparison, work the lowest number of hours per week: on average 15.2 hours.
Some of the working students surveyed did not know that they could earn money without paying taxes.
Those with part-time jobs around the year are taxed in the same way as any other worker, usually through their salary. However, students who only work during their holidays and will not earn more than the tax threshold. It is ensured that wages are paid without tax deduction.
Student finance has become a much more complicated picture. Working during the term or through holidays is a financial necessity for many students. It’s important for any student to make every penny they earn work its hardest; from making sure they have the best bank account to ensuring they’re not paying any tax they needn’t.
