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How To Boost Your Income During the Cost of Living Crisis
Empower Your Wallet in Today’s Economy
Many households are eager to discover easy ways to boost their income. The great news is that you can earn extra cash without even leaving your home! We’ve compiled an exhaustive list of 50 ways to earn a bit of extra dosh, from selling your old clothes to becoming a part-time product tester.
Whether you’re unable to work, have a full-time job, or are a stay-at-home parent, there are plenty of options available for you to earn some extra money. This additional cash can be crucial for millions of households facing the cost of living crisis. With sky-high energy bills and rising inflation, families are forced to spend more on everyday essentials.
If you’re considering ways to make extra money on the side, don’t let the thought of paying more tax deter you. Normally, you’d have to pay tax on earnings over the personal allowance for basic taxpayers, which is £12,570 for the current tax year (April 6, 2024 — April 5, 2025). However, rules introduced in 2017 allow you to make cash on the side tax-free! Various allowances apply to different ventures, most capped at £1,000. This means you don’t have to declare your earnings to HMRC unless you exceed this amount. You can even use several allowances within a year, potentially earning…
