Reply To: Pension Age “Hobby” Income

Mike Hughes

Self-employment is defined by numerous factors including tax and employment law and how the person may have described themselves is but one of those and, depending on other evidence, it may be a fairly inconsequential factor at that. I may describe myself as a “comic genius” or “superb acoustic guitarist who has played on multiple best selling recordings”. Would you take that at face value or conclude I am a deluded fantasist? Perhaps the correct answer just might be that further investigation is required.

Might I also venture to suggest that the correct term for “additional income on occasions” is… capital.