- Joined
- Apr 27, 2019
- Messages
- 6
- Points
- 21
- Age
- 39
Hi all ,
New here and sorry if this has been asked before but I’m going to be setting up as self employed shortly with some work from home jobs (think Appen , Crisp thinking etc) and was wondering what happens when it gets to paying the tax , NI and student loan ( which I assume I would be liable for on extra earnings too?)
I already have a part time job so anything earned would be taxable but I’m starting to wonder how I go about with paying the tax etc and at what rate? Do I save 32.5% monthly and then pay it all at the end? How do I find out how much student loan I would need to pay on my earnings( as I already have student loan deductions from my main job) also what if this pushes me over the threshold into higher tax band (unlikely but I’m not actually sure how much I could earn from Appen or crisp etc )
How much do people come out with from the likes of Appen for approx 20hours work a week?
Am I over thinking things?
Sorry it’s a long one for my first question!
Thanks in advance
New here and sorry if this has been asked before but I’m going to be setting up as self employed shortly with some work from home jobs (think Appen , Crisp thinking etc) and was wondering what happens when it gets to paying the tax , NI and student loan ( which I assume I would be liable for on extra earnings too?)
I already have a part time job so anything earned would be taxable but I’m starting to wonder how I go about with paying the tax etc and at what rate? Do I save 32.5% monthly and then pay it all at the end? How do I find out how much student loan I would need to pay on my earnings( as I already have student loan deductions from my main job) also what if this pushes me over the threshold into higher tax band (unlikely but I’m not actually sure how much I could earn from Appen or crisp etc )
How much do people come out with from the likes of Appen for approx 20hours work a week?
Am I over thinking things?
Sorry it’s a long one for my first question!
Thanks in advance