The first year on your own

Ash is twenty nine, a product designer in Leeds who hands in his notice at the end of September and starts billing for himself on the first of October.

The tax on those first six months of trading is not due until January 2028, and when it arrives he is asked for half as much again on account of a year that is already ten months old.

His fees arrive here as a smooth monthly amount, so this is the gentle version of freelancing: nothing models a late invoice or an empty month.

Appreciating Asset Earned Income Tax Efficient Retirement Planning

Employment

Self Employment

Expenses

Savings Account

ISA

Ash, twenty nine to ninety

2 Goals

A salary until the end of September, fees from the first of October, and a tax bill that arrives sixteen months later asking for a year and a half at once.

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