@jamiesfinance: The Budget quietly tripled one of the best tax breaks for side hustlers 👀 From 6 April 2027, the trading allowance jumps from £1,000 to £3,000. That means you can earn up to £3,000 a year from Vinted reselling, freelancing or odd jobs before you pay tax or need to tell HMRC. Until then, the old £1,000 limit still applies. A few things worth knowing: 📌 It’s based on what you take in (revenue), not your profit. 📌 It’s £3,000 per person across ALL your side income combined, not £3,000 per hustle. 📌 Once you go over £3,000, you choose between deducting the allowance or your actual expenses, not both. If your costs are low, that could save a basic rate taxpayer up to £400 a year. If you’re reselling and your stock costs are high, the saving will be smaller. 📌 Selling your own old clothes for less than you paid isn’t trading, so it isn’t taxable at all. Save this for April 💸 Not tax advice, just the rules explained.

Jamie Schmidt

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Region: GB

Wednesday 11 November 2026 21:28:12 GMT