I would just put profiles on the likes of adultwork, selectanescort and ukadultzone to start as they are free to join and ad your ad to.

Adultwork does have some charges like showing your phone number on your ad, but if you ad a private gallery then that will pay for things like that.

This way you will see what sort of work you would get before spending a fortune on websites and professional photos.

Hahahaha! Too true, Disciplinarian! Just been reading up about taxes that need to be paid and so forth... Won't be (ahem) screwing with them, I can tell you! 

xx

Just a little tip, when you do register for self employment with HMRC, set up a direct debit at the same time, it doesn't have to cover your whole tax bill (obviously you won't know your actual earnings at that time) But it spreads the cost of your tax bill over the year and you will only have to add to it then (or receive a tax refund if you've earnt less than expected) Saves a lot of stress having to find large amounts twice a year :-)

Thank you so much all for the brilliant advice!

My current plan is to start with just some ads on Adultwork etc, to see what kind of work I'm getting and build up a bit of capital for website, photos and other business sundries. As for tax, I will definitely be able to put some money away, as long as I can find a high interest rate account that will allow me to remove money for the direct debit (if that's what I decide to do).

Gypsy - thanks, I'll contact Ian! Love personal recommendations.

x

It may be easier but I resent, and I mean REALLY resent losing even a couple of quid of interest to the bloody treasury. If you have the financial willpower, put 20% away each month into a high (relatively speaking) interest savings account. Not always easy to do I know.

Is it only 20%? I thought it was 30% you had to give the tax man

Quote from: Gypsy on 09 January 2016, 06:46:40 pm

Quote from: Disciplinarian on 06 January 2016, 10:54:43 pm

It may be easier but I resent, and I mean REALLY resent losing even a couple of quid of interest to the bloody treasury. If you have the financial willpower, put 20% away each month into a high (relatively speaking) interest savings account. Not always easy to do I know.

Is it only 20%? I thought it was 30% you had to give the tax man

That depends on the band which your income falls into. The first ?10600 isn't taxed (standard personal allowance), next ?31785 is taxed at 20%, income over this is taxed at 40% until you get to ?150000 above the first ?10600 (?161600) anything over that is taxed at 45%.

Then there's National Insurance on top of that hence the 30% estimate (presuming your income isn't above ?42k ish).

Rates of taxation can be found here

gov.uk/income-tax-rates/current-rates-and-allowances

I thought as much about the band, but totally forgot the NI  Thanks for explaining though 



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Quote from: Disciplinarian on 06 January 2016, 10:54:43 pm

It may be easier but I resent, and I mean REALLY resent losing even a couple of quid of interest to the bloody treasury. If you have the financial willpower, put 20% away each month into a high (relatively speaking) interest savings account. Not always easy to do I know.

Is it only 20%? I thought it was 30% you had to give the tax man

I find 20% covers it once you factor in the personal allowance, occasionally I've had to find a few extra sheckles, but not much, occasionally I have too much and I take a holiday

Although I don't actually work that much any more, if you are really putting in the hours and filling up the coffers you might need a bit more.

Alternatively, and I did this until the bloke retired, I met an accountant who did my books for years and who's payment was a good spanking every couple of months. The arrangement worked out quite well