We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Self Employed.
seven-day-weekend
Posts: 36,755 Forumite
I have recently become self-employed (House/Petsitting) and expect to earn no more than £2k a year. I am 62 and draw my State Pension of around £5.5k a year. This is my only income, although my husband has an income of around £11k a year from his Teachers Pension and a small amount of Incapacity Benefit.
I know I will not have to pay NI as I am past retirement age, and my income will not be enough to be liable for tax.
My work comes via an agency.
My question is, do I need to inform anyone of my self-employment?
I know I will not have to pay NI as I am past retirement age, and my income will not be enough to be liable for tax.
My work comes via an agency.
My question is, do I need to inform anyone of my self-employment?
(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
0
Comments
-
Yes. You need to register as self employed with HMRC even though you don't earn enough to pay tax.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards