AI summary
The UK is raising the tax-free side-hustle allowance to £3,000 in 2027, potentially saving 1.4 million people hundreds of pounds in tax.
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UK side-hustle tax-free allowance to rise to £3,000 next year
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Up to 1.4 million people could benefit from change to trading allowance announced in budget, with some saving hundreds in taxThe amount Britons can earn from a side hustle without paying tax will rise to £3,000 next year in a fillip for those who make extra cash from hobbies or reselling.Up to 1.4 million people could benefit from the change announced in the budget, with the chancellor confirming the tax-free “trading” allowance will increase from £1,000 to £3,000 in April 2027. Continue reading...
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