How to make money

[Blue_star]

Hi All,

I need some extra income.

My company refused a raise. Also if my PAYE changes indicating a second job I will be in trouble with HR.

Miss blue cannot work as baby care.

Do you have ideas on what I can do where I dont get on payroll for second job (otherwise grocery shop) and instead I can do my own tax return as self wmployed or I can generate income in my wifes name? Not sure if ltd would work and what I can do with it?

Any ideas are appreciated

Many thanks

[Mandat]

Blue_star said:

Hi All,

I need some extra income.

My company refused a raise. Also if my PAYE changes indicating a second job I will be in trouble with HR.

Miss blue cannot work as baby care.

Do you have ideas on what I can do where I dont get on payroll for second job (otherwise grocery shop) and instead I can do my own tax return as self wmployed or I can generate income in my wifes name? Not sure if ltd would work and what I can do with it?

Any ideas are appreciated

Many thanks

How about you look after the baby when not working, so Mrs Blue can go to work.

The added benefit is that the first £12,570 that she earns will be tax free.

[clio007]

Sign up Miss blue to OF?

[Ezra]

Your PAYE code could change for any number of reasons - not all of them related to employment. Even if someone in your current firms HR dept actually notices (I suspect this is all automated via a payroll process so nobody is actually looking at PAYE codes anyway), there's any number of tax related reasons for the change.

Also, PAYE is private - if that kind of question was raised by some HR bod to me, they'd get a very sharp mind your own fking business!

[Vsix and Vtec]

Mandat said:

How about you look after the baby when not working, so Mrs Blue can go to work.

The added benefit is that the first £12,570 that she earns will be tax free.

This is your simple answer.

Even if it's part time, your other half has a decent chunk of earning potential before tax takes any of it. Another option could be Mrs Blue gets a WFH role part time, and you ask your parents to take Jnr Blue for a few hours a week.

Other than that, you're looking things like at monetising DIY skills (fix broken stuff to sell on Ebay for example) or some form of cash in hand work like mowing lawns for the old dears in the neighbourhood.

[Blue_star]

Vsix and Vtec said:

Mandat said:

How about you look after the baby when not working, so Mrs Blue can go to work.

The added benefit is that the first £12,570 that she earns will be tax free.

This is your simple answer.

Even if it's part time, your other half has a decent chunk of earning potential before tax takes any of it. Another option could be Mrs Blue gets a WFH role part time, and you ask your parents to take Jnr Blue for a few hours a week.

Other than that, you're looking things like at monetising DIY skills (fix broken stuff to sell on Ebay for example) or some form of cash in hand work like mowing lawns for the old dears in the neighbourhood.

First of all, as avid coffee drinker in Wales I do love the profile picture.

Secondly, thank you for sound advice. No parents on either side can help; but tbh in 2 years she can start wfh.

On dyi I will need to have a glass of brandy and have a think if I am useful in some dyi way. I love driving but not sure helpful

[Blue_star]

clio007 said:

Sign up Miss blue to OF?

My next post will be in the health and recovery section on how to pull out a frying pan from my a55

[Funk]

Blue_star said:

clio007 said:

Sign up Miss blue to OF?

My next post will be in the health and recovery section on how to pull out a frying pan from my a55

Maybe you start one - you'd be surprised what some people are willing to pay to watch...

[shirt]

Blue_star said:

My company refused a raise.

how is the jobs market for what you do? start there.

[ATM]

Blue_star said:

Hi All,

I need some extra income.

My company refused a raise. Also if my PAYE changes indicating a second job I will be in trouble with HR.

Miss blue cannot work as baby care.

Do you have ideas on what I can do where I dont get on payroll for second job (otherwise grocery shop) and instead I can do my own tax return as self wmployed or I can generate income in my wifes name? Not sure if ltd would work and what I can do with it?

Any ideas are appreciated

Many thanks

Surely your wife can have a business, no need to be Ltd so could be a simple sole trader setup. Then whatever side hustle you're planning or inferring would be invoiced from and paid to the wife's bus. Now clearly this could be illegal or some form of tax avoidance, not sure. I'm sure the government would have tied up this loophole with legislation already.

So it really depends on what side hustle you're able to do or skills you can offer because I'm not sure if you're suggesting you have some ideas already or you're literally asking PH for ideas.

The obvious answer for a person without any specific skills other than being able bodied is delivering parcels like Amazon if you can do this on just Saturdays only or a Deliveroo type thing. I believe these work a bit like a taxi where you choose your own hours but that's just guesswork.

[asfault]

get interviews at other firms in your companies field. Secure an offer and then see if current employer will match the offer. Make decesion from there.

[eltax91]

asfault said:

get interviews at other firms in your companies field. Secure an offer and then see if current employer will match the offer. Make decesion from there.

And if they do match/ exceed the new offer, ask yourself why you weren’t worth that in the first place!!

To answer your OP. Doing this via your wife’s tax allowance would be the most tax efficient. I’m sure there are rules against it but end of the day it’s unlikely HMRC are going to be looking this closely at a single person.

My wife has a small consultancy business and I work PAYE, I’ve done some very limited advisory work for American companies looking to expand in the U.K. in our field and have invoiced it through her Ltd to reduce tax and keep it away from my employer.

Gig economy? Delivering stuff. Uber. Aren’t they all ‘sole trader’ jobs which wouldn’t affect the tax code?

[Doofus]

Get a different job?

[Wacky Racer]

Blue_star said:

clio007 said:

Sign up Miss blue to OF?

My next post will be in the health and recovery section on how to pull out a frying pan from my a55

Kinky.

[MustangGT]

Blue_star said:

Hi All,

I need some extra income.

My company refused a raise. Also if my PAYE changes indicating a second job I will be in trouble with HR.

Miss blue cannot work as baby care.

Do you have ideas on what I can do where I dont get on payroll for second job (otherwise grocery shop) and instead I can do my own tax return as self wmployed or I can generate income in my wifes name? Not sure if ltd would work and what I can do with it?

Any ideas are appreciated

Many thanks

As others have said, your partner working is the answer.

To address another comment in your OP. Your main job PAYE code should not change if you get a second job, that job's PAYE code will address the extra income.

Also, does your contract of employment have a clause about working another job? Many do, but often restrict it to not working for a competitor.

[bristolbaron]

A company refusing an increase whilst also stopping me working elsewhere would be left pretty sharpish..

I’d definitely focus on how the other half can work, unless your hourly wage doing whatever would vastly exceed yours then the tax saving would make it worthwhile.

[ATM]

Blue_star said:

Miss blue cannot work as baby care.

If she is at home but can't do babies there are other things she can do

Dog walking - pretty much anyone can do this if they can walk and it's great exercise too

Carer - going to see older people and help them with shopping or cleaning and tidying and just giving them some company basically

Call centre stuff - so answering phone calls and helping people with simple stuff - can be done WFH with decent Internet connection

Taxi or Deliveroo or Amazon deliveries

[shirt]

asfault said:

get interviews at other firms in your companies field. Secure an offer and then see if current employer will match the offer. Make decesion from there.

This might have worked in the good old days but is outdated ‘advice’ imo.

If an employee used a firm offer with higher pay elsewhere as the opening tactic for a pay review then I’d shake their hand and wish them well.

[ATM]

shirt said:

If an employee used a firm offer with higher pay elsewhere as the opening tactic for a pay review then I’d shake their hand and wish them well.

Yes and No

In this instance he has asked for pay rise and been told No thanks

So it isn't unreasonable for him to look elsewhere and then inform them he is leaving and giving notice but if they want to negotiate he will listen

However OP I would want the current employer to more than match because if they decide to try to keep you after refusing a pay rise it doesn't look good for them does it?

And then don't forget the new place will possibly try to match or up etc

[Neptune188]

Figure out how much you need. Then figure out if that can be cut by saving elsewhere.

My ex wife did very well out of UpWork - other people by the hour services are available.

Having the right mentality here is also good - when I was out of work I told myself I had to make £50 a day, every day. It didn't matter if I did £250 on one day, I still had to do £50 the next.