Prolific Academic Survey Alerts

[Deleted User]

That might be a relief for me then.  If it is as much as that for one full tax year I should be under that amount over two years..

I'll go over the information in the link tomorrow, thanks.

AntoMac

Thank you @silvercar and @Martico
Appreciate you taking the time to respond. 

libra10

There is lots of information here about whether you need to pay tax.

The link explains in detail about whether you are liable to pay any tax, including personal allowance, interest savings, and other details.

Hope it helps

[Deleted User]

Thanks very much, libra10.  I'll look into it.

olliebean

I think when it was mentioned here before someone said it counts as income from self-employment, but I presume it's ok to register as not self-employed? Being self-employed seems like a lot of unnecessary faff; they surely don't expect people to set themselves up as a business just to do online surveys?

silvercar

libra10 said:

There is lots of information here about whether you need to pay tax.

The link explains in detail about whether you are liable to pay any tax, including personal allowance, interest savings, and other details.

Hope it helps

That link is about interest on savings! Nothing to do with side earnings like surveys.

silvercar

olliebean said:

I think when it was mentioned here before someone said it counts as income from self-employment, but I presume it's ok to register as not self-employed? Being self-employed seems like a lot of unnecessary faff; they surely don't expect people to set themselves up as a business just to do online surveys?

I posted a link in my previous post. It is a £1,000 allowance for miscellaneous earnings.

libra10

If you earn less than £18,570 a year from income and savings interest, then all your savings interest is tax-free thanks to tax-free savings and the starting savings rate. This is different from the personal savings allowance – though it complements it – but how these allowances work in practice, and who qualifies, is a bit more complex...

Link  https://www.moneysavingexpert.com/savings/tax-free-savings/?_ga=2.151592124.463997884.1674195150-477052927.1674195150&_gl=1*qci8i*_ga*NDc3MDUyOTI3LjE2NzQxOTUxNTA.*_ga_X74CWQS9F0*MTY3NDE5NTE0OS4xLjEuMTY3NDIxOTgxMC41LjAuMA..

This would be appliable to anyone not in employment

olliebean

The suggestion was that regardless of my overall income being well under the threshold, I would have to do a self-assessment if I earned more than £1000 from self-employment, and that Prolific studies (which I have earned more than £1000 from in the past year) count as self-employment. Is this the case, that I would need to register as a business (which seems to be what registering as self-employed involves)? Surely not? This seems absurd. Doing online studies and surveys is clearly not a business.

MollyR

Who suggested that to you?