Isaac Palmer

Understood thanks. I can see where to do this on the self-assessment now and the calculation makes sense. Thanks for your assistance

Hi there, I'm a PAYE employee who earned £33,000. I also earned £3,600 from self-employed income. I've ascertained that £1,000 or under of self-employment income does not need to be declared. Does this mean that on my tax return, I input £33,000 as my PAYE earnings and £2,600 as self-employed income? Many thanks, it's really hard to find definitive answers online so thought it would be easiest to ask. Cheers

Blimey, that's crazy, that's got to be wrong right!? Did you definitely input repayments you've already made through PAYE, which can be found on your P60?

Hi there, I've never done a self-assessment before and am really confused about National Insurance and student debt. I am both employed full time on PAYE, earning around £31K, and have done freelance work over the tax year for an additional £3,600. When I fill out my self-assessment the figure I owe comes to around £1,200. However it looks like this is just Income Tax? Please can anyone advise whether this includes national insurance, or whether I will owe any national insurance? It would be really helpful to understand how much this will be so I can budget for it. Will the the NI bill come separately to the self-assessment, or does the calculation it has projected for me cover everything? Some things talk about a 'Small profits margin', which my freelance work is beneath, but other things talk about my combined income? I'm essentially quite confused about being both employed and self-employed. I also have all the same questions regarding student debt. Thanks so much in advance to anyone who can help.