You don't need to become a buy-to-let investor in order to make money from property. Under the government-approved Rent a Room scheme, you can let a room in your house to a lodger and earn up to £4,250 a year without paying tax. This works out at just under £82 a week, although you don't have to have a tenant living with you all the time. For example, you can enjoy taking in foreign students during the summer vacations, you can earn a tax-free income and got to meet some interesting and friendly young people.
Finally, remember that all we've looked at today is ways to boost your income. If you want to go the whole hog, then don't forget to tackle your expenses, too. Otherwise, your newly found extra cash could be wiped out by a similar rise in your spending!
Anita Li
eBooksXtra
Sun and Sunless Tanning
Advanced selling on Ebay
No comments:
Post a Comment