Side Hustle Grows Faster Than Expected

Clients often mention a side hustle or part-time project, sometimes earning just a few hundred pounds a year. But when that grows quickly, it can trigger unexpected tax liabilities and benefit clawbacks. By modelling income growth in Tax Torch, you can help them plan ahead instead of getting caught out.

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• Review last year’s income in the client profile.
  
• Add a new trade income line of £13,000 for the current year.
  
• View the impact on total income, child benefit, and higher rate thresholds.
  
• Use Scenario Planner to compare alternative approaches (e.g. adjusting other income or using pension contributions).
• Share visuals to explain changes and options.

• When clients mention new or growing side income
  
• When reviewing year-on-year changes to income
• When helping clients plan around thresholds and clawbacks