DFace NewsUK side-hustle tax-free threshold to triple to £3,000 by 2027
If you earn extra money from a hobby, reselling items, or any other side activity, you will soon be able to keep more of it without paying tax. The UK government announced in the budget that the tax-free trading allowance will increase from £1,000 to £3,000, effective April 2027. This change could benefit up to 1.4 million people, potentially saving them hundreds of pounds each year.
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Source: The Guardian