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As a freelance personal trainer, where you work is up to you. It’s one of the many advantages of working as a self-employed person. You can decide when you work, where you work and how much you charge per client.
Most freelance personal trainers will either work at a gym, a shared fitness studio or they hire (or own) their own space.
As with many things, there are advantages and disadvantages to going freelance. On the one hand, the freedom allows you to be more in control of your working schedule and you can work anywhere around the world. Your rate of pay is also often higher so the income that you earn can be better.
But the challenges are also important to bear in mind:
When you’re freelance, you have to pay tax yourself instead of your employer looking after it for you from your salary payments.
There are two types of tax that you have to pay:
You have to pay both of these by 31st January via a tax return.
In order to pay a tax return, you have to let HMRC know that your income is untaxed. You do this by filling in your income information through what’s known as a Self Assessment. This has to be done by 5th October.
When you are a self-employed personal trainer, you can reduce the tax you pay by deducting your business expenses from your income when you come to do your tax return.
Check out HMRC for more information on what you can expense and how.
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