If you think freelancing is a euphemism for ‘I’m just sleeping in and chilling’, think again. Freelancers are business owners without employees. It is estimated that in the UK alone, there are 1.9 million freelancers (2015), i.e. 6% of all workers in employment. Since 2008, the number of freelancers increased by an astounding 36%.
Sure, the global financial crisis of 2008-9 that saw unemployment increase by almost 50% has something to do with these figures. However, the number of freelancers has continued to steadily rise since. Why, you ask? Freelancing is often a lifestyle choice - think less commute, more time with your family and greater control over what your day looks like. But what does freelancing life really look like, and could you ever become one?
The world of freelancing can be mired in uncertainty, which is why we are starting a freelancing series that will look into the different aspects you should keep in mind if you’re considering, or already are, freelancing.
- How do I do manage my taxes and what is the self-assessment tax return all about?
- What are the best saving vehicles (ISAs, pension, etc) for a freelancer?
- Making a living out of a freelancing career: figure out how to find and keep clients and how much to charge.
- Determining what your long-term freelancing goals are.
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