---
title: 'Freelancer money tips'
url: 'https://www.nick-hayward.co.uk/freelancer-money-tips'
markdown: 'https://www.nick-hayward.co.uk/freelancer-money-tips.md'
date: '2024-01-16'
description: 'A friend is setting up as a freelancer and mentioned he’s unsure about the money and tax side of things. Over the years I’ve had some great tips from other freelancers on how to manage the personal and tax sides of this.'
taxonomy:
  category:
    - Business
    - 'Freelancer tips'
---

[Home](https://www.nick-hayward.co.uk/) » Freelancer money tips

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 January 16th, 2024 Posted in [Business](https://www.nick-hayward.co.uk/taxonomy?name=category&value=Business), [Freelancer tips](https://www.nick-hayward.co.uk/taxonomy?name=category&value=Freelancer%20tips)

# Freelancer money tips

A friend is setting up as a freelancer and mentioned he’s unsure about the money and tax side of things. Over the years I’ve had some great tips from other freelancers on how to manage the personal and tax sides of this.

**Note: I’m from the UK so there are some UK relevant tax tips here – it may differ in your country so please check the government taxation website for your area.**

The main points are using separate bank accounts, keeping the tax money to one side so you don’t think you’re richer than you area, the time delay in paying tax and the payment on account you’ll need to make, and simple forecasting with a spreadsheet.

Read full article at [Freelance Freedom](https://freelancefreedom.co.uk/freelancer-money-tips/)

---

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