We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
In F/T employment but also selling goods online. How can I keep below the 40% tax threshold?
Options

Vinny1974
Posts: 1 Newbie
in Cutting tax
I'm currently working full-time for a company and earn £48k per year on a PAYE basis.
I have also been supplementing my income by selling goods online via Vinted and ebay.
I'm very close to the 40% tax threshold in my main job.
Does anyone know how I can keep the two incomes seperate so I only have to pay say 20%-25% tax on my income of goods that I have sold online please?
I have also been supplementing my income by selling goods online via Vinted and ebay.
I'm very close to the 40% tax threshold in my main job.
Does anyone know how I can keep the two incomes seperate so I only have to pay say 20%-25% tax on my income of goods that I have sold online please?
0
Comments
-
So you are buying things to sell on ebay/Vinted rather than just selling your old stuff?
Easiest option... sell less
Most common option... pay more into your pension
Sledgehammer to crack a nut... set up a company to do the eBay work and leave all the money in the company but then obviously it's not your income/money.0 -
Another option could be, if you have the ability to pay into a pension from your full time job?0
-
When you sell on eBay/Vinted are you actually trading or clearing out old stuff?0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.7K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.7K Work, Benefits & Business
- 598.5K Mortgages, Homes & Bills
- 176.8K Life & Family
- 256.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards