Hi, Single parent about to take up second job..

Orville

Hi.

I currently work for a supermarket part time (the big green one) 24 hrs a week.

I am about to start up a self employed business selling working second hand electrical items and also breaking non working ones and selling the good bits as parts.

I have absolutely no idea what my income would be from this.

How for the purposes of tax credits do I arrive at a figure to give them.?.

NYM

I can't answer your questions but I recommend you get good Public Liability insurance.

restless6

Dont tax credits have a different way of asking for self employed earnings now?

In the past you used to just give them an estimate.

Also if you are working over 30hrs a week, you get an enhancement.

I am a single parent with two jobs but both PAYE , so they just get my total wages electronically.

Housing_Benefit_Officer

Orville wrote: »

Hi.

I currently work for a supermarket part time (the big green one) 24 hrs a week.

I am about to start up a self employed business selling working second hand electrical items and also breaking non working ones and selling the good bits as parts.

I have absolutely no idea what my income would be from this.

How for the purposes of tax credits do I arrive at a figure to give them.?.

Good luck with your business. Used to deal with an autistic man with an obsession for electronics - he used to pick up broken Hoovers from the local recycling centre. With the support from his parents he broke the hoovers apart and sold the components on eBay - he started earning so much he no longer claims benefits.

[Deleted User]

Housing_Benefit_Officer wrote: »

Good luck with your business. Used to deal with an autistic man with an obsession for electronics - he used to pick up broken Hoovers from the local recycling centre. With the support from his parents he broke the hoovers apart and sold the components on eBay - he started earning so much he no longer claims benefits.

Wow, what a beautiful story. And the power of supportive parents making the difference in their child's life.
Thanks for sharing, very inspiring.

Housing_Benefit_Officer

Deleted_User wrote: »

Wow, what a beautiful story. And the power of supportive parents making the difference in their child's life.
Thanks for sharing, very inspiring.

It turned tinkering around with broken hoovers and a hoard of parts into a profitable business. It is often the simplest idea that can be a nice money spinner. You only have to look on eBay to see how well some people are doing selling spare parts from what would be landfill waste.