How Much Tax Will I Pay on Side Income in the UK? (2026 Guide)

If you earn money from a side hustle in the UK, you may need to pay tax on that income depending on how much you earn overall.

In general, side income is added to your main salary and taxed at your normal Income Tax rate. If your side income exceeds the £1,000 trading allowance, you will usually need to declare it to HM Revenue and Customs through Self Assessment.

This guide explains how side income tax works in simple terms and how to estimate what you might owe.


Quick Answer

  • Side income is usually added to your normal salary
  • You can earn up to £1,000 tax-free under the trading allowance
  • Above this threshold, you may need to pay Income Tax and National Insurance
  • The amount you pay depends on your total annual income

How Side Income Tax Works in the UK

Side income is generally taxed as part of your total income for the tax year.

This means:

  • your salary
  • freelance income
  • business income
  • online earnings

are combined when calculating tax.

For example:

Income SourceAmount
Employment salary£35,000
Side income profit£5,000
Total taxable income£40,000

In this example, the side income would usually be taxed at the individual’s marginal tax rate.


The £1,000 Trading Allowance

The UK trading allowance allows you to earn up to £1,000 per year from side activities without usually needing to declare it.

If your side income exceeds this threshold:

  • you may need to register for Self Assessment
  • you may need to pay tax on profits

For a full explanation, see our guide on the Â£1,000 trading allowance.

The £1,000 Trading Allowance Explained (UK Guide 2026)


UK Income Tax Bands (2026)

The amount of tax you pay depends on your total taxable income.

England, Wales and Northern Ireland

Tax BandTax Rate
Basic Rate20%
Higher Rate40%
Additional Rate45%

Your side income is typically taxed at whichever band your total income falls into.


Example: Basic Rate Taxpayer

Example:

ItemAmount
Salary£30,000
Side income profit£4,000

Because total income remains within the basic rate band, most of the side income would typically be taxed at 20%.


Example: Higher Rate Taxpayer

ItemAmount
Salary£55,000
Side income profit£5,000

In this situation, much of the side income may be taxed at 40%.


Do You Also Pay National Insurance?

Possibly.

If your side income profits exceed certain thresholds, you may also need to pay:

  • Class 2 National Insurance
  • Class 4 National Insurance

The exact amount depends on your profit level and self-employment status.


What Expenses Reduce Your Tax?

You only pay tax on your profit, not your total income.

This means allowable business expenses can reduce the amount taxed.

Examples include:

  • software
  • equipment
  • website costs
  • professional services

See our guide on what expenses side hustlers can claim in the UK.

What Expenses Can You Claim as a Side Hustler in the UK? (2026 Guide)


How to Estimate Your Side Income Tax

A simple way to estimate tax is:

Step 1

Work out:

  • total side income
  • minus allowable expenses

This gives your profit.

Step 2

Add this profit to your salary.

Step 3

Estimate which tax band the extra income falls into.


When Do You Need to Declare Side Income?

You usually need to register for Self Assessment if:

  • side income exceeds £1,000 per year
  • you are operating as a sole trader
  • you receive untaxed business income

See our guide on registering as self-employed in the UK.

Do I Need to Register as Self-Employed in the UK? (2026 Guide)


Common Mistakes to Avoid

Confusing revenue with profit

Tax is generally paid on profit after expenses.

Forgetting about National Insurance

Some people only calculate Income Tax and overlook NI contributions.

Not saving money for tax

Many side earners spend income before accounting for tax owed later.


Final Thoughts

The amount of tax you pay on side income in the UK depends largely on your total annual income and whether your side hustle profits push you into a higher tax band.

For most people, the process is straightforward once you understand:

  • the £1,000 trading allowance
  • allowable expenses
  • Self Assessment rules

As your side income grows, understanding these basics becomes increasingly important.

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