Any self employed HGV drivers on here? (Not owner drivers)
Discussion
Hi all.
A few drivers at my work are self employed, they claim to be putting more money in their pockets every month and recommend me to do the same.
It seems that my boss pays them the same hourly rate that I earn, but they pay less national insurance, claim a load of stuff back and have ways of paying less income tax. They all say the same, I don't think it's typical truck driver willy waving bulls
t. However, they're all a little strong in the mouth department, so I'm not sure how much to believe. As we all know, HGV drivers are a funny breed, and tend not to let the truth get in the way of a good story.
I understand that the government is trying to clamp down on people providing this kind of service, in any industry, and that you are not supposed to work for just one employer (not a problem, I have other people I can do bits for) and almost all the online information I've found on it is a few years old, so may not count any more.
I'm really looking for a balanced view of it. I like to use up my holiday, so I guess I would be at a disadvantage compared to those who want to work all year round. I also live close to work, so couldn't claim a great deal of milage. I do nights out, I'm not sure if I can offset more than the nights out I claim at the moment?
Basically, any tips, advice, facts, pointing in the right direction, fatherly advice etc would be greatly appreciated.
Thanks, Nick.
A few drivers at my work are self employed, they claim to be putting more money in their pockets every month and recommend me to do the same.
It seems that my boss pays them the same hourly rate that I earn, but they pay less national insurance, claim a load of stuff back and have ways of paying less income tax. They all say the same, I don't think it's typical truck driver willy waving bulls
t. However, they're all a little strong in the mouth department, so I'm not sure how much to believe. As we all know, HGV drivers are a funny breed, and tend not to let the truth get in the way of a good story.I understand that the government is trying to clamp down on people providing this kind of service, in any industry, and that you are not supposed to work for just one employer (not a problem, I have other people I can do bits for) and almost all the online information I've found on it is a few years old, so may not count any more.
I'm really looking for a balanced view of it. I like to use up my holiday, so I guess I would be at a disadvantage compared to those who want to work all year round. I also live close to work, so couldn't claim a great deal of milage. I do nights out, I'm not sure if I can offset more than the nights out I claim at the moment?
Basically, any tips, advice, facts, pointing in the right direction, fatherly advice etc would be greatly appreciated.
Thanks, Nick.
What they're saying is true. Self employment does have various benefits, including the ability to structure your tax affairs in a more beneficial way. However there are also downsides - as another poster pointed out you don't get any of the statutory rights that come with being an employee.
I'm self employed ltd co. I do both driving and Hgv repair as I get bored easily and I like to work when I choose. It's been good to me so far but I'd say unless you've got a few clients to keep yourself going and an enhanced rate to cover any sickness or quiet spells it's probably best to stay as PAYE. That said, if you want the freedom to choose your work and you're someone who gets on with the job you may find yourself in high demand and could earn a decent living.
Edited by AF1 on Sunday 22 May 07:17
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