The headline may sound unbelievable, but it’s actually true, I did “earn” just over £3000 the other night simply by filling out my self assessed tax form to claim the tax back on my SIPP (Self Invested Personal Pension) contributions for the previous tax year – See the screen shot of my final pay out above to prove this!
I genuinely thought it would take me about a week of head scratching and article reading to get my head round all the complications, find the relevant documents and so on, but it was in fact surprisingly easy. In total I would say that it took me around 2 hours of actual form filling in (and next year this will be even quicker!) so that makes my effective hourly rate:
Needless to say I think this is the highest hourly rate I have ever achieved for what could be considered “work” 1
If you have never done a tax return before I’ll take you through the whole process from start to finish in part two of this post, but first of all in part one let’s just talk about the wonderful thing that is the SIPP.
- I am defining work by somewhat rudimentary terms of something that is a bit boring that most people would rather not do here ↩