- Original Poster
- #1
Hi,
Would really appreciate some advice.
I currently work part time and am on the pay roll of my employer. My salary keeps me just under the 40% tax threshold, so I pay the lower rate of tax.
I have recently been offered some freelance work - where I will be paid by the day and won't be PAYE.
Over the next 6 motnhs, this will equate to about £6k, which will take my total annual earnings into the upper range of tax.
My question is: how will I be taxed?
WIll I continue to pay 20% on my 'core' PAYE job . . and then 40% on what I earn as a freelancer?
I would be very grateful for any advice!
Best regards,
S
Would really appreciate some advice.
I currently work part time and am on the pay roll of my employer. My salary keeps me just under the 40% tax threshold, so I pay the lower rate of tax.
I have recently been offered some freelance work - where I will be paid by the day and won't be PAYE.
Over the next 6 motnhs, this will equate to about £6k, which will take my total annual earnings into the upper range of tax.
My question is: how will I be taxed?
WIll I continue to pay 20% on my 'core' PAYE job . . and then 40% on what I earn as a freelancer?
I would be very grateful for any advice!
Best regards,
S
