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Thread: Taxes? in the UK when you have a FT job aswell

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    Default Taxes? in the UK when you have a FT job aswell

    I have no idea where to post this but im completely new to the site so please forgive me

    I have started working on cam's the last 6 weeks. Its been going great and I have earnt just short of double what I earn in a month at my FT job. I have decided to continue working on the Cam's as I have enjoyed it but now I realise I will have to to sort my taxes out and I have no idea where to start?!

    I'm in the UK (London to be exact) and I have done a little research on other forums about this. Alot of the Girls I know that cam use their earnings as their only source of income. I have seen they claim back things such as sex toys, underwear and even electricity, internet connection & heating.

    I was just wondering as I already have a FT job which I am on the books for and paying tax...how does it work for me? Do they combine the two salaries together when working out taxes? even though my employer sorts the tax for my fulltime job? What I mean is (For example) If I earn £20,000 a year from my FT job and it works out I earn £20,000 in a year from camming. Does that mean I will then be in the £40,000 tax bracket and have to pay the higher tax percentage? Also am I still able to claim back for things like electricity, heating, internet connection when doing my taxes for camming? Can I register as self-employed even though I'm employed by someone already? Do I have to tell my employer about the camming?

    Any help would be greatly appreciated.

    Thanks

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    God/dess shanna dior's Avatar
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    Default Re: Taxes? in the UK when you have a FT job aswell

    Quote Originally Posted by TheSluttyGirlfriend View Post
    I was just wondering as I already have a FT job which I am on the books for and paying tax...how does it work for me? Do they combine the two salaries together when working out taxes?
    Yes, so this will put you in a higher tax bracket. Given your current earning rate, you will likely have a large tax bill since your FT job is only deducting enough to cover your earnings based on your salary with them, but your actual earnings are significantly higher. Deductions and payments will be a bit tricky, so I'd really recommend getting yourself an accountant for this first year to make sure you're doing it all right and getting everything you're entitled to. Have them walk you through it so you can file for yourself the following year, if you so choose to.

    But no, you don't have to tell your employer about the camming. Though it's worth looking into your employment contract/manual to ensure camming doesn't present a conflict of interest or anything else.

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    Default Re: Taxes? in the UK when you have a FT job aswell

    I would be careful about assuming your camming income is going to stay at this level...the past 6 weeks takes into account Christmas and I have been earning about 4 times as much as usual during this time. Cam income is incredibly variable and, depending on which site you're on, can be highest in the first 6-12 months but then drops. Just worth bearing that in mind...
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    Default Re: Taxes? in the UK when you have a FT job aswell

    Simply phone HMRC and ask for advice. They are not that scary on the phone! They'll tell you what to do. There's a certain length of time (can't remember) that you have to register as self employed by. of course, your annual personal alllowance will only be applicable to one job, with the other being taxed at basic rate from the first £. I would advise putting 20-25% of your camming income aside NOW for taxes.

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    Default Re: Taxes? in the UK when you have a FT job aswell

    Thanks very much for the replies and helpful info. My Fiance is self employed so has an accountant who I will probably use to sort my tax stuff out. I was just looking for some kind of idea what to expect. So thanks for that.

    Classy_Kate no I agree... I definitely don't assume my income will stay the same. I know a few cam girls already (One I went to school with who is a pornstar in the UK and cams on the same site & even my Mother in law who works on cams aswell as a few swinger friends.) So I know for the past 6 weeks I have had the "newbie rush" but ive noticed it myself in the last 6 weeks whilst being on cam that some days I might barely make £10 when others I can make £300. This is why i'm happy to do it on the side from my FT job as anything I do make can be saved or used for a rainy day. The figures I gave in my OP were just examples. But thank you all very much for your help. Its much appreciated

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    Veteran Member beauvoir's Avatar
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    Default Re: Taxes? in the UK when you have a FT job aswell

    Second jobs are taxed at a different rate unless your combined income is all self employed.

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