01/06/2026
“How much should I save for tax?”
It’s one of the most common questions we get from self-employed business owners
A good rule of thumb?
Put aside 20-30% of your profits into a separate savings account as you go.
That way, when your tax bill arrives, it’s an inconvenience... not a panic
Remember:
✔️ Tax isn’t based on what’s in your bank account
✔️ Your first bill may include Payments on Account
✔️ It’s much easier to save little and often than find the amount at the deadline
Future you will be very grateful.
How do you save for tax? separate account, savings pot, or a game of financial roulette? 👇😆