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Tax and NI in freelancing and late cancellations

Hiya all,

I've just started freelancing full time and was wondering how much money to put aside for tax and NI. A few people I've spoken to say I should put a third of what I get into another account for tax and NI is this about right? is there a website I can go to for more info?

Another question I have is where do freelancers stand if there is a late cancellations? Do the employers still have to pay you?

Thanks

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