Money Box Live: Side Hustles

Money Box

BBC

Business

4.2 • 804 Ratings

🗓️ 15 January 2025

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Almost half of us are making money from side hustles according to the comparison site, Finder.

But how do they work, what do you need to do if you have one and when do you need to tell the tax office?

We will be meeting those using their hobbies to boost their bank balances this Christmas as well as clearing up the rules around selling on online platforms.

Joining Felicity Hannah is Helen Thornley from the Association of Tax Technicians and Vicks Rodwell of IPSE, the association for self-employed people. Presenter: Felicity Hannah Producers: Sarah Rogers and Neil Morrow Production Coordinator: Emma Smith Editor: Jess Quayle

(This episode was first broadcast at 3pm on Wednesday 18th December 2024)

Transcript

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0:00.0	Before you listen to this BBC podcast, I'd like to quickly tell you about some others.
0:05.2	My name's Andy Martin and I'm the editor of a team of podcast producers at the BBC in Northern Ireland.
0:11.3	It's a job I really love because we get to tell the stories that really matter to people here,
0:16.3	but which also resonate and apply to listeners around the world.
0:19.6	And because the team has such a diverse
0:21.2	range of skills and strengths, we have trained journalists, people who love digging through
0:26.0	archives, we've got drama and even comedy experts. We really can do those stories justice. So if
0:31.8	you like this podcast, head to BBC Sounds where you'll find plenty more fascinating stories
0:37.1	from all around the UK. BBC Sounds where you'll find plenty more fascinating stories from all around the UK.
0:40.3	BBC Sounds, music, radio, podcasts.
0:43.9	Hello, there's just a week to go until Christmas.
0:46.6	And for anyone with a festive side hustle, the crafters, the bakers, the scented candle makers,
0:52.1	this is very much their busy season.
0:55.5	In fact, we're a nation of mini- with 43% of people saying they make money on the side. So in today's
1:01.2	Moneybox Live podcast, we'll be meeting some of the side hustlers and answering their questions.
1:06.7	And given the season, we've made it festive. There's even a panto.
1:10.1	Oh, no, there isn't. Oh, yes a panto. Oh, no, there isn't.
1:11.6	Oh, yes, there is.
1:13.6	Oh, no, there isn't.
1:14.6	Oh, yes, there is.
1:16.6	Well, maybe at the end of the show, if you're very good boys, girls and tidly winks.
1:21.6	Oh dear, yes, we will even hear how to turn your alter ego into Christmas cash, as well as how easy it is to turn
	...

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