Maximising income - Mystery Shopping? Surveys?

cmjohnson_86

Takes a while, usually depends on which company you signed up for.

Chas

Mule wrote:

Hi everyone

I have already asked this question earlier in the week but had no replies so I'll try on this thread instead ........ I remember reading on MSE that there is a mystery shopping company who sorts out tax etc for you which I would prefer rather than sorting it myself. Can anybody help me on this one please?

Hi Mule

There are loads of mystery shopping companies out there & some are PAYE (they deduct tax at basic rate unless you use all or part of your tax allowance through their payroll) whilst some work on self employed basis (no tax is deducted & you need to register as self employed with the Inland Revenue & complete a tax return each year).

As mentioned above GFK/NOP (Cybershop) do operate on a PAYE basis. One of the biggest m/s companies, Gapbusters, operate on a self employed basis.

If you restrict your mystery shopping to PAYE companies only you will reduce the amount of work available to you.

Hope this helps

Chas

leni

can't believe this thread is still going! I don't do my Mystery Shopping until next week, I turned down 3 up to now because I think using a bank account 4 times in one week, that I haven't used in 2 years is abit of a give away lol!

I also missed out on one and it was a really good one too!

Chas

inkie wrote:

Hi Guys

HAve started doing some Mystery Shopping with grass roots - did the first one last week, and have 4 more booked for next week. I note that someone on here said that they pay speedily. What do you mean by speedily - how soon after completion do you get paid? Cheers

I haven't worked for Grass Roots since last year but they used to pay twice a month, on about 1st & 15th each month.

If you did the jobs last week you might get paid on about 1st August but it depends what the cut off date is for their payroll. If you missed it, then it will be on about 15th August, but you do need to allow 3 or 4 days for the payment to show in your bank a/c.

Grass Roots do not deduct tax so you need to register as self employed.

inkie

Thanks Chas!

Annie_Fanny

How long does a tax return take to fill out though - oh the horror!!

Rachie_B

ive got my first mystery shop next tues and the 2nd the thurs after that

have read and reread all the info sent and quite looking forward to it now !

PabloNeruda

I really wouldn't bother with mystery shopping. I did it for a while and, for the effort, it's a complete waste of time.

Becles

Annie_Fanny wrote:

How long does a tax return take to fill out though - oh the horror!!

If you do it online it's quicker! It depends on your circumstances as to how long it takes to fill in.

Everyone has to fill in a basic personal details section.

Then it's 1 section for each PAYG employer.

A section covering your self employment income.

Then other sections if you have any other income - Pensions, Captial Gains, Rented Property etc.

If you have all your paperwork sorted, such as P60's and the final accounts from your self employement, it doesn't take that long. I think it took me an hour or so.

Becles

PabloNeruda wrote:

I really wouldn't bother with mystery shopping. I did it for a while and, for the effort, it's a complete waste of time.

Sorry you didn't find it worked for you. It's been my sole income for 3 years now, and I love it!