Daily NewsView All News
Nearly three out of five freelancers across the UK cite the possibility of earning more money and getting more work as the main reasons they decide to pursue freelance work, according to a recent survey from freelance umbrella company Paraplus.
“What is clear is that people are making a career choice to go freelance. Self-employed individuals have flourished throughout the recession in the UK, with around 40% of all new jobs since 2010 being created by freelancers and contractors, according to the Trade Union Congress (TUC),” said Phil McDonald, managing director of Paraplus.
Roughly 35% of respondents thought that by working as a freelancer, they would get more work; while 24% thought that they would get more money. In addition, 36% of freelancers stated that the top barrier to starting freelance work was concerns about whether they would be able to earn a regular income. 24% were concerned about finding regular clients and 18% were worried about managing their tax records.
“Working as a freelancer means that the onus is on the individual to manage their relationship with Her Majesty’s Revenue and Customs [HMRC], and this must be addressed from the outset. When it comes to managing your pay and being tax complaint, ignorance isn’t an excuse,” added Mr McDonald.
Recruitment agencies were the top source for freelance work, with one third of freelancers stating that they found their work projects via agencies. Fewer than 25% were able to find work through jobs advertisements.