What would Be Estimated Earnings, Expenses and Taxes As Part Time London 🇬🇧 UberX Bolt driver

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  • Опубліковано 20 тра 2023

КОМЕНТАРІ • 44

  • @honest3889
    @honest3889 Рік тому +4

    Thank you for your videos, you always give the right information!
    I have a full time job and I started UBER on weekends for extra money 6 months ago.
    My car monthly payments are 280 + insurance cost me 3500 annually as I was new + petrol cost me £250 monthly. I have not done my taxes yet.
    Currently, I work around 7 hours Saturday and 7 on Sunday (day time) so whatever I make goes towards my expenses and really just breaking even. I am averaging around £15 to £20 / hour I only work East/North London.
    Insurance is my biggest expense and I already checked with 1 year No Claim Bonus I can get insurance for £1200/ year (third party).
    If you already have a full time job don't get excited thinking you will make a killing in UBER. You may do for the first month but it will take a toll on your health and work smarter not harder. Choose the correct location DO NOT GO CENTRAL LONDON and correct times.

    • @lewis93156
      @lewis93156 Рік тому +1

      Thanks for the insight. How easy would it be to earn 1700 a month after expenses in your opinion?

    • @honest3889
      @honest3889 Рік тому +1

      If you going to work full time you can make it.
      You can make around 200+ a day on weekends before expenses but expect to work long hours I.e. 12 each day.

  • @saifjaber8497
    @saifjaber8497 Рік тому +4

    Thank you for your vlogs, as always. Yes, if you can do a separate vlog of people who want to do private hire via leasing a car that would be great to get your point of view. That is something I want to start

  • @SM.Russel
    @SM.Russel 2 місяці тому

    You explained each and everything very well. Allah bless you.

  • @80skid83
    @80skid83 2 місяці тому

    Also rate of tax goes up to 40% if one makes more than 50k a year (uber and full time job combined)

  • @user-ou1br8ds8q
    @user-ou1br8ds8q 10 місяців тому +1

    Thank you for this very useful information. I have just started out doing part time Uber driving, very similar to the scenario you are describing. It helped me a lot.

    • @privatehiredriver6379
      @privatehiredriver6379  10 місяців тому

      Im happy to know that the facts i have told are similar to yours. If you keep watching my content you will find a lot more information about the strategic jobs. Good luck 🤞🏻 with your private hire driver career.

  • @zainalihussain6379
    @zainalihussain6379 Рік тому +7

    Hmrc tax starts after 12500 . So no tax on first 12500 so for example if your income is 13500 . You will pay 20% on 1000 pounds as no tax on first 12500

    • @swimdeep189
      @swimdeep189 Рік тому

      What

    • @swimdeep189
      @swimdeep189 Рік тому

      Less expenses you will be paying nothing.

    • @mukhtarali8778
      @mukhtarali8778 Рік тому +1

      This is if you only working Uber driver part time if you have already have full time and Uber part time this means you getting more than 12500£ so HMRC will calculate all you earns not only Uber earns

    • @80skid83
      @80skid83 2 місяці тому

      Yeah but if you have a full time job elsewhere then this doesn't apply

  • @80skid83
    @80skid83 2 місяці тому

    For the record a month is calculated by 4.5 and not 4, as even though a month is 28 days most months are 30 or 31 days

  • @bang9833
    @bang9833 Рік тому

    Thank you for this blog. It was so helpful for the new part time Uber driver ..very precise and informative,Many thanks

  • @baatoorhassankhan4407
    @baatoorhassankhan4407 3 місяці тому

    Very well explained Sir. Thankyou soo much!!

  • @80skid83
    @80skid83 2 місяці тому

    I think part time: Amazon flex , deliveroo, ubereats , justeats , dominos is better. Far less expense

  • @mohammedmasum8363
    @mohammedmasum8363 Рік тому +2

    This man is amazing..😊

  • @80skid83
    @80skid83 2 місяці тому

    Depreciation is taken off your tax, need to claim capital allowance at the rate of 18%

  • @aalianc
    @aalianc Рік тому +1

    Brother please make another video for the people who want to do full time Uber 8-9 hours 5 days a week with a rental car (120 rent+ 300 monthly insurance). How much they could earn and the possible monthly cost.
    Kind regards

  • @mrjam5010
    @mrjam5010 11 місяців тому

    As a part time Uber driver do we have to pay national insurance as we do with PAYE or just income tax 20%?

  • @rohitgurung290
    @rohitgurung290 Рік тому +1

    Do you think its best to buy hybrid car now in UK?

  • @user-lf6ls9vb5y
    @user-lf6ls9vb5y 11 місяців тому +1

    You should do the knowledge mate. You wont regret it

    • @80skid83
      @80skid83 2 місяці тому

      He's got the brains for it too , he's intelligent.

  • @PaShah.
    @PaShah. Рік тому

    I have Honda jazz it is 2012 can I use it on bolt or not?

  • @shageemkhhan4784
    @shageemkhhan4784 Рік тому +1

    As you said you are making 5 thousand a month how much tax NI you paid congratulations for earninging of 60 thousand 🎉

  • @ozbadamedia2395
    @ozbadamedia2395 Рік тому +3

    Its all good information however you will need to forget having a life..... The industry is getting worse day by day I've personally seen a 20% decline in earnings this past 3 months, its not as glorified as its being portrayed to be. But each to there own and nothing is better than experiencing it fist hand.

  • @sertacozyildiz8710
    @sertacozyildiz8710 Рік тому +1

    Hi from sweden :)
    What do u think about EV (electric) cars as driver?

    • @Ario2601
      @Ario2601 Рік тому +1

      more money for sure

  • @aj-sf9ih
    @aj-sf9ih Рік тому

    Hello bro, Hyundai Ioniq or Niro? Which will be better for private hire. Please advise

  • @babitagupta2484
    @babitagupta2484 Рік тому +1

    Tell me if you work for 6 days working 12 hours a day how much you can earn in month after deducting all expenses and tax

    • @davidhatsell8522
      @davidhatsell8522 Рік тому +4

      Try asking politely.

    • @Ario2601
      @Ario2601 Рік тому +1

      watch his previous videos he already said it

    • @babitagupta2484
      @babitagupta2484 Рік тому

      I'm asking politely I'm sorry if it sounded rude, but genuinely I want to know how much can we earn in today's time in a week after all deducting tax and expenses

    • @babitagupta2484
      @babitagupta2484 Рік тому

      I watched all the videos but I want to know in today's time after all the fluctuating me market,in today's time how much can we make in week working 12 hour for 6days

    • @hotterthanmecoolerthanyou1718
      @hotterthanmecoolerthanyou1718 Рік тому +1

      He said in another video if you work 12-14hr 6 days a week you can make anywhere between £1200-£1400

  • @carlton7974
    @carlton7974 Рік тому

    Did you buy a new car Rameez ?

  • @bishoculaj2282
    @bishoculaj2282 Рік тому

    Hey my friends it’s not velog it’s video

    • @B3RB4
      @B3RB4 Рік тому +1

      VLOG is Video-Log lol....

  • @abduljolil1994
    @abduljolil1994 Рік тому +1

    I am sorry to say that but I was excited to do this Uber with my New Audi A5 22 plate as a side hustle I have done for few weeks the things I have experienced the cost the time you put it’s Not worth it at all
    Picking up smelly people
    Sometimes vomiting in your car
    Rude customer they talk to you like your nothing
    You don’t get paid enough
    Slammed the door all the time
    This is a slavery job this is my opinion Avoid at all cost go find your self a good job
    I am the lucky that I don’t have to do this shitty job because I have multiple sources of income I would not recommend anyone to do this kind of job unless last option

    • @yabaza5677
      @yabaza5677 5 місяців тому

      Ego is your name