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Side Hustles

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  • Thanks for the reply i think i understand, but just to be sure(Ish)
    So it "Should" be ok to use my current account that i get my wages paid into and bill paid out of, in leau of a "Business" account? while starting out?
    It would be a lot clearer to me if there were as specific claus in banks terms that stated something to the effect of " While your side/sole trader income is less than the £1000 allowance per year, there is no requirement for a Business account"
    I just want to be doing this the "Correct way" with no risk to my main Current account
  • MrCreaky
    MrCreaky Posts: 17 Forumite
    Second Anniversary 10 Posts
    To be clear, I’m not speaking with any authority as an expert. Just saying what I did.

    I kept my account separate from everything else for accounting, self-assessment etc.

    Most Apps I’ve seen let you open an extra current account quite easily if you already have one.
  • Ok, Thanks for the advise, i'll go and download my banks phone app and see if it offers that feature.

    I just wish it wasn't so vauge for an online only side hussle type of business.

    Cheers
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