I received a redundancy payment last June and I haven't worked since. I was planning on claiming back my tax in April but have got offered a job. Money isn't too good and he wants me to be self employed...plus I'd be in the 40% tax bracket. A job isn't important to me at the minute as I have health issues. Question is... Would I be better not taking a low paid job and just waiting to claim my tax back.? (The benefits I receive are income reliant). I would lose the reclaimable tax for just the months I would work or would this affect payments for months gone by? If I took the job at say £10 per hour I'd lose £4 every hour to tax plus have to get myself insurance of some kind? He can lay me off at anytime if I'm self employed?
Thanks for any help.... Tax etc is a total unknown to me
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