WISE - WHAT IS SELF EMPLOYMENT

What Is Self Employment?

A self-employed person does not work for a specific employer who pays them a consistent salary or wage.
Self-employed individuals earn income by contracting with a client, trade or business directly.
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  • WISE - What Is Self Employment
    Self-Employed people find their own work rather than being provided with work by an employer, earning income from a profession, a trade or a business that they operate.

    There are plenty of perks of being Self-Employed

    You have more flexibility and control, so it may be easier to fit your work around other commitments and responsibilities, including childcare.
    Your work can be more varied, as you may be working on several different projects for different clients at any one time.
    You can explore your creative and entrepreneurial side as you build your own business.
    You can deduct certain costs - travel and some utilities bills, for example - from your income when you’re calculating your tax liability.
    You may have the potential to earn more money, as day rates for self-employed consultants and freelancers tend to be much higher than salaries.
    You Maybe able to avoid a commute to a place of work, as maybe able to work from home, or from your own business premises.
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