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how much for tax stamp
calmgirl
Posts: 604 Forumite
My husband has recently left work and is now self employed, how much money does he need to save for tax etc? Someone has said 10% which seems really steep? Any ideas? Thanks
Money's too tight to mention!!!
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Comments
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Might be worth looking on Small Biz and Charity board, where similar questions have been asked. But to me 10% sounds far too little! As an employed person, I reckon 25% of my gross salary disappears in tax and NI, and unless your husband's earnings from self employment are under his personal allowance I don't see that he'd be liable to pay a lot less than that.Signature removed for peace of mind0
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sorry my mistake, I mean't to type 20% not 10%, tired and I have a 5 week old baby who is our 3rd child so my head is not where it should be, thanks anywayMoney's too tight to mention!!!0
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