I agree completely, I’m going to university (barring a complete calamity in exam results) this September and taking the responsible route to FI. This was only a byproduct of it and simply wanted advice on how best to invest the money coming in

London, I don’t really have a set career but know what I’m good at/enjoy which helps a lot

The tutoring is separate to the other thing

I never planned/expected this thing to yield monetary gain but it came about as an added benefit to what I was looking for. I’m getting myself educated and simply wanted to know what was the best way to structure and invest the money I’m getting now into a sustainable income for later life

It’s off the books for now, (only been around 6 weeks) but I imagine I’ll have to declare it for this tax year minus the ISA/pension contributions correct?

I guess it’s gifting? I’ll have to ask him what technically it comes under as I’ve definitely exceeded PA lolz

Not sure why in 2024 are you shaming anyone’s career/income

Without alluding too much to it, I suppose you could call it that yes (judging by the comments on here, I don’t think people are too receptive to me asking for help on here) Regarding the privacy point that you raise, Yes it would definitely be preferred by both of us that it would be private, but at the same time I run the risk of getting into trouble/bringing him into disrepute (especially when it comes to requirement to work in the City without a criminal record). So my conundrum when it comes to whether I declare it is really the opportunity cost of running the risk of discovery, or the tax that I would pay on it. I definitely will look at a SIPP though thanks!

Thanks so much for the help, I don’t think I’ll run short of the ISA/SIPP allowance for the next months as tutoring took a back seat for exams lol. Just a question about the CGT on a general investment account, is the income I put into an ISA separate and thus not counted towards the rate I pay tax for a GIA or are they both counted. Thanks once again!