How much money can you make before you have to pay tax?

Question

As a busker i was wondering how much can you make before you have to pay tax. My job is seasonal and depends on the weather. This is why I am asking this question. I am not on benefits and am just about surviving as it is.

Answer 1

If your annual earnings exceed £5,725 you will have to pay NIC Class 2 (£2.70 per week).

 

If your annual earnings exceed £7,755 you will have to pay NIC Class 4 (9% of income after £7,755) as well as paying the NIC Class 2 (£2.70 per week).

 

If your annual earnings exceed £9,440 then you will also have to pay income tax on the money earnt after that.