Confused whether side hustles count as cash

StockportSaveree

Hi, I’m retired and I have started to receive a monthly income from my DB pension this month.
To keep me busy, I have this year done some stewarding work at food festivals and got paid some money for it.  It was like a zero hours contract, not a lot of money just around £400.
I was issued a payslip for the pay and no tax was deducted, so I my assumption is that HMRC knows about it as the employer also had my NI number and tax code on the payslip.

So my question is whether this income of £400 is counted as a side hustle or as taxable income (in addition to my new pension).  If it’s a side hustle, how does it qualify for the £1,000 allowance?  I’m confused about how this works, any advice appreciated.

HappyHarry

As it is employed work it is not covered by the £1000 trading allowance. 

https://www.gov.uk/guidance/tax-free-allowances-on-property-and-trading-income#trade

StockportSaveree

HappyHarry said:

As it is employed work it is not covered by the £1000 trading allowance. 

https://www.gov.uk/guidance/tax-free-allowances-on-property-and-trading-income#trade

Thank you, it makes more sense now. I didn’t know that it was a trading allowance.

molerat

Does your on line tax account how the employer ?

Brie

molerat said:

Does your on line tax account how the employer ?

???  do you mean does it Show the employer? 

and why would someone have an on line tax account??  or maybe we all do but most of us don't know about it??

TheSpectator

Brie said:

molerat said:

Does your on line tax account how the employer ?

???  do you mean does it Show the employer? 

and why would someone have an on line tax account??  or maybe we all do but most of us don't know about it??

Yes we all have a Personal Tax Account on gov.uk but need to register for it.

StockportSaveree

molerat said:

Does your on line tax account how the employer ?

Thanks good tip, I’ll check my online gateway account and see if they are there.  Will they show up now or after this tax year?  Just that I need to know to calculate how much I can draw down from my DC pension to use up any unused personal allowance

Hoenir

StockportSaveree said:

I was issued a payslip for the pay and no tax was deducted, 

Did the payslip have a tax code on it? 

StockportSaveree

Hoenir said:

StockportSaveree said:

I was issued a payslip for the pay and no tax was deducted, 

Did the payslip have a tax code on it? 

Yes it did, but it’s the wrong tax code.  I think they applied a default one 1257L my normal tax code includes the marriage allowance

StockportSaveree

molerat said:

Does your on line tax account how the employer ?

Thanks checked my account and the employer was there so it’s clearly included as earnings.  It also allowed me to adjust the automated estimated income numbers to make sure tax code is correct 👍 the HMRC app has certainly come a long way since I last used it!