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tax allowances?
danster
Posts: 128 Forumite
in Cutting tax
Hi,
I was told the other day that you are allowed to earn a certain amount (I think its around £4k) before you need to start paying tax which I know. But I was also told that, if I wanted to, I could earn £4k freelancing before I needed to start paying tax. So (I work fulltime) I could do some freelance work, and as long as I didnt earn over £4k in a tax year, then I wouldnt have to pay tax on this. Is this correct? I dont think it is, but Im no expert.
Thanks.
I was told the other day that you are allowed to earn a certain amount (I think its around £4k) before you need to start paying tax which I know. But I was also told that, if I wanted to, I could earn £4k freelancing before I needed to start paying tax. So (I work fulltime) I could do some freelance work, and as long as I didnt earn over £4k in a tax year, then I wouldnt have to pay tax on this. Is this correct? I dont think it is, but Im no expert.
Thanks.
0
Comments
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No, any income extra is added on to the PAYE income for tax purposes.0
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And the amount is £5,225 for 2007-8.0
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