We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Side Hustles
Comments
-
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 account0
-
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.1 -
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.Cheers0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.5K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.9K Spending & Discounts
- 244.5K Work, Benefits & Business
- 599.8K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards