UK 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.

What kind of side hustle do you think people will start or grow with the higher allowance?

#sidehustle #ukbudget #taxfree