Need Your advise guys!,,

[Inverness]

I've recently went out on my own 4 months now and bank balance hasn't looked as good in a long while...
Any way a job came up with the NHS as a plumber so I applied for it and believe it or not I got the job as a NHS plumber and I start in December.. also I'm wanting to keep up my gas and oil work as a side line but through the books but not sure how this would work?

I've gathered it's not really plumbing as such but it's a secure job with pension and the possibilities of climbing the career ladder?

My other half isn't happy cause I could earn double than what the NHS is offering but jobs like this are like hens teeth. 37.5 hours a week from 8am til 4pm.

Really hard choice to make.

 

[ShaunCorbs]

Best option is to ask croft as he was in the same but made the jump 6 plus months ago

@cr0ft

 

[Murdoch]

also I'm wanting to keep up my gas and oil work as a side line but through the books but not sure how this would work?

That's simple - make sure your new contract doesn't forbid you doing SE work

Tell HMRC - then you will need to fill in a tax return at the end of the year

Keep your books running with all your receipts

and don't forget to save for your tax and NI

 

[Inverness]

When i start I start my new job what tax code would I provide if I'm self employed ATM and planning to keep it going.

 

[Murdoch]

When i start I start my new job what tax code would I provide if I'm self employed ATM and planning to keep it going.

AFAIAA your employer uses the basic code and ALL your 2nd income is taxed as "additional" on top of your annual salary

So if your PAYE job is £43K, and your SE profit is £10K, you would pay 40% on your SE income

Best ring the tax man .........

 

[Harvest Fields]

Are you drunk tonight? @Rob Foster

 

[Inverness]

Appreciate everyone's views and advise.

 

[Rob Foster]

Are you drunk tonight? @Rob Foster

No just happy nd I did really do what I said when I 1st started out in 1982 Rob Foster aka centralheatking

 

[Harvest Fields]

No just happy nd I did really do what I said when I 1st started out in 1982 Rob Foster aka centralheatking

What’s that?

 

[dancinplumba]

What’s that?

rob from his employers

 

[Rob Foster]

rob from his employers

What goes around comes around so when I had fitters and vans guess what they used my diesel gas and fittings, but the most honest ones were the Liverpool fellas they at least told you afterwards or even before Rob Foster aka centralheatking

 

[king of pipes]

When i started out i made the transition from paye to a soletrader gradually over 3 years, i did both i contacted HMRC obtained my UTR number, public liability , gas safe registraton as long as i stayed under £6500 as a sole trader i was exempt from paying extra class 2 - 3 national insurance I just paid 20 percent on the overall profit, your employer will know your doing this as tax issues do from time to time cross over also do not trade in your own name choose a company name to trade under. Kop

 

[Rob Foster]

When i started out i made the transition from paye to a soletrader gradually over 3 years, i did both i contacted HMRC obtained my UTR number public liability , gas safe registraton as long as i stayed under £6500 as a sole trader i was exempt from paying extra class 2 - 3 national insurance I just paid 20 percent on the overall profit, your employer will know your doing this as tax issues do from time to time cross over also do not trade in your own name choose a company name to trade under. Kop

The other thing being totally serious now is growing your business. Beware you need to go from 1 fella you to 5+ very quickly. 2,3,4 fitters paid properly do not make enough to support the boss man who is running around getting stuff and more jobs. Seen too many fellas struggle on Friday to buy a pint after paying 4 men. Then there are slow payers, non payers and pernickity customers leaky new rads, is it worth it ...of course it was for me. I work 7 days a week and start early. Well not Sat after 12.00 and Sundays unless I am fully engaged Rob Foster aka centralheatking

 

[Ric2013]

I don't think we should be advocating stealing from the National Health Service.

 

[Harvest Fields]

I don't think we should be advocating stealing from the National Health Service.

All kinds of things could happen.

 

[Rob Foster]

I don't think we should be advocating stealing from the National Health Service.

I did not it take anything from NHS it was British Rail and then only time. I was trying to dress up the main principle start employed, go self when your ready Rob Foster aka centralheatking

 

[Ric2013]

I did not it take anything from NHS it was British Rail and then only time. I was trying to dress up the main principle start employed, go self when your ready Rob Foster aka centralheatking

I know you weren't being entirely serious, but did the OP know that? He is working for the NHS, so in this case...

 

[Jim Goodenough]

I don't think we should be advocating stealing from the National Health Service.

Totally agree, it makes you absolutely sick when you hear of the millions they loose through corruption!