Forum
Tax and NI in freelancing and late cancellations
girlywirly1997
Messages count : 2
Likes count : 0
Registration :
5 September 2008
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
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
- Contact in PM
simonsjdaccountancy
Messages count : 23Likes count : 0Registration : 29 November 2006
Put aside about 25% for tax and NI - that should be more than enough.girlywirly1997, post: 9307 a écrit : 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
Typically, unless your contract says otherwise you will be unlikely to get any form of payment if the client cancels on you before the start of the role.