Article 5 easy side hustles to boost your income

Earning extra money to supplement your income isn't a bad idea, especially if you're saving to buy a property, boost your pension pot or set aside a financial cushion for life’s surprises. If you have a passion, want to learn a new skill or want to put any entrepreneurial abilities to use, starting a side hustle could be a good way to turn that extra energy into cash.

This article shares a few ideas you could try out to boost your income and savings. But before you dive in, make sure to check with your employer before taking on extra work so you’re not breaching any regulations that could impact your main job. 

1. Let out your spare room 

If you already own your own home or have a mortgaged property, you could get a flatmate. 

Yes, this would mean sharing your space with another person, but this can also mean extra company and a potentially lucrative set-up. House sharing could help you save money not only by splitting the mortgage but also the household bills, maintenance and perhaps even shopping. Just remember to look into the legalities of letting a room to make sure obligations are fulfilled on both sides. 

Under the UK's 'Rent A Room Scheme’, HMRC also offers a tax break to anyone renting a room in their home. This means you can generate an income of £7,500¹ before you pay any tax (whether you rent the room for a whole year or less). You can also offset expenses against this gross income before you pay tax. 

This information is based on our understanding of current taxation law and HMRC practice, which may change. The value of any tax relief will depend on individual circumstances.

2. Turn a hobby into a paying activity 

If you have a hobby you’re good at and enjoy, chances are someone could pay you for that skill. Perhaps you’re an artist, make delicious cakes, or have an eye for interior design.

With platforms like Etsy, Instagram and Tiktok offering business accounts, turning your passion into extra income is more accessbible than ever. Just remember, you should always declare any extra income to HMRC.

It’s easy to be carried away when you’re doing something you enjoy – but it’s important to look after your wellbeing too. Remember to relax and spend time with loved ones – you don’t want to burn out from being busy all the time. 

3. Declutter your home and sell your unwanted goods 

A spring clean could also help boost your income as well as clearing up your space.

If you have more valuable items like a guitar or other musical instruments, maybe even a stereo or pieces of technology – this could all help make you a bit of extra cash. You can sell items online through platforms such as Vinted and Depop, eBay and Facebook Marketplace.

To get good results, try taking clear, well-lit photos, write honest and detailed descriptions, set fair prices, and respond quickly to buyer messages. 

4. Become a film and TV extra 

If you love a trip to the cinema, why not consider being in a film rather than just watching one? You could be in the background of the next big blockbuster film or binge-worthy TV series – all while getting paid.

You’ll need to be flexible about the time and place you're happy to work – there could be a lot of hanging around too – so keep that in mind when you apply. You can earn a decent daily rate as an extra, plus you’ll get the kudos of seeing yourself on the silver screen.

Most opportunities are for filming projects in the UK's biggest cities, but there are other chances available around the country. You can sign up as an extra at The Casting Collective or check out its urgent casting calls to get a feel for the kind of opportunities there are. Fees are varied and you will get paid more for night shoots. You can also get supplementary payments if, for example, breakfast or other meals are not provided. 

5. Get a second job  

To help boost your income, you could look at working a few extra hours. If you’ve got the energy, picking up a few hours in the hospitality sector, like waiting tables, bartending, or working events, can be a flexible way to boost your income outside of your usual working hours.

If you have expertise in a specific area, you could also earn extra money from freelancing. Whether it's writing, social media, design, accounting, IT, hairdressing or teaching music – a bit of ad-hoc work can get the money rolling in. Just make sure your main employer has no problem with you doing this, and in particular, check any contractual obligations on working with competitors. 

Sites such as We Work Remotely, peopleperhour, Fiverr and Remote.co provide access to jobs for freelancers who can work from anywhere in the world. The benefit of freelance work is you can do as much or as little as you want, and you can control your workflow so that you don’t overstretch yourself. 

Make the most of your extra income

These are a just a few ways to secure some extra income but what’s the best way to use your extra cash? Saving, investing and adding to your pension are just a few of the ways that you could consider saving for your future. 

If you're in any doubt, you should speak to a financial adviser in the first instance if you need advice about your investments. There’s likely to be a charge for this. You should also check with HMRC if you need to report and pay tax on any additional income you make outside of your main job.