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Aspiring Lawyers - Applications & General Advice
General Discussion
How do young lawyers manage their finances?
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<blockquote data-quote="LlamaLaw" data-source="post: 92992" data-attributes="member: 16031"><p>I'm not aware of a particularly useful guide, but as [USER=2672]@Jessica Booker[/USER] said, you'll get a letter telling you to fill one in from HMRC after that tax year ends - probably about June or July. My recommendation would be to do it online (via Gov.uk) because it's relatively straightforward that way. Some people use specialist software or simply pay for an accountant, but honestly if your income is essentially all via employment, you will only need to fill in one or two sections and the Gov.uk website is pretty good at walking you through what you need. </p><p></p><p>I'd recommend something like Which? for some info, along with the guidance on Gov.uk.</p></blockquote><p></p>
[QUOTE="LlamaLaw, post: 92992, member: 16031"] I'm not aware of a particularly useful guide, but as [USER=2672]@Jessica Booker[/USER] said, you'll get a letter telling you to fill one in from HMRC after that tax year ends - probably about June or July. My recommendation would be to do it online (via Gov.uk) because it's relatively straightforward that way. Some people use specialist software or simply pay for an accountant, but honestly if your income is essentially all via employment, you will only need to fill in one or two sections and the Gov.uk website is pretty good at walking you through what you need. I'd recommend something like Which? for some info, along with the guidance on Gov.uk. [/QUOTE]
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How do young lawyers manage their finances?
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