UK side-hustle tax-free allowance to rise to £3,000 next year

UK side-hustle tax-free allowance to rise to £3,000 next year

Up to 1. 4 million people could benefit from change to trading allowance announced in budget, with some saving hundreds in tax

The amount Britons can earn from a side hustle without paying tax will rise to £3, 000 next year in a fillip for those who make extra cash from hobbies or reselling.

Up to 1. 4 million people could benefit from the change announced in the budget , with the chancellor confirming the tax-free “trading” allowance will increase from £1, 000 to £3, 000 in April 2027. Continue reading...

Read the full story at theguardian.com

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