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A MOTHER has told how she earned £234 in just 24 hours without leaving her home.
Molly Hunter, from North Yorkshire and currently on maternity leave, explained how she has quickly raked in a lot of money thanks to her simple Vinted tip.
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So if you have a bunch of clothes that have been hanging in your closet for months and you want to make some quick money, you’ve come to the right place.
The savvy mother of two took to social media to share her advice, explaining: “I feel like I can’t control this and you’ve probably seen it all over your For You page, but this is your sign: if you want to make more money, this is what you need to do.
“I made £234 in 24 hours and I’m amazed that this actually worked.
“So for some context, I’m on maternity leave. I’m 12 months in, I’ve got a month to go and I’m trying to make a little bit of extra money where I can.
“I work with brands, which is great, but of course I want a steady stream of income, in addition to my maternity leave.”
The brunette beauty then confirmed: “How I managed to make £234 in 24 hours was Vinted.
“I see it everywhere on my For You page, people are telling me to delete everything from my Vinted account and re-upload it.”
The content creator said she tried the trick and continued: “I had 110 items, but then I had a huge pile to upload, so by the time I uploaded everything, it ended up being 150.
“I set up a little corner in my bedroom and photographed them all against the same background.
“I had a towel ladder, put some Nice blankets on top so it looked very consistent.
“I did this last Saturday, it’s now Friday so it’s almost a week ago and I’m now at £366 and I have 86 items left.
“I haven’t sold all my stuff yet, I’m still getting offers and I’m accepting them, I’m posting them right away, so of course the money is coming in as soon as possible.”
New Vinted rules to watch out for
IF you feel like cleaning out your wardrobe and getting rid of your old stuff on Vinted, you will have to take into account the new rules that have recently been introduced.
If people sell personal belongings for less than the original price (which is usually the case with second-hand sales), this has no tax implications.
However, since January 1, digital platforms including eBay, Airbnb, Etsy, Amazon and Vinted must share seller information with the tax authorities as part of a stricter policy.
If you only sell a few second-hand items online each year, you probably won’t have this problem. Normally, only business sellers who are looking to make a profit have to pay tax.
Since 2017, there has been a £1,000 tax-free allowance for business sellers trading for profit. A personal item is only taxable if it is sold for more than £6,000 and a profit is made on the sale.
However, businesses must now pass on your details to the Tax and Customs Administration if you sell 30 or more items a year or earn more than £1,700.
It is part of a broader tax campaign to ensure that people who increase their income through part-time work actually pay what they owe.
If you earn between £1,000 and £1,700, your details will not be shared with the tax office. However, you will still have to pay tax as normal.
The side hustle tester advised Vinted users to give the trick a try. She concluded: “I did it and the results definitely paid off.
“I’m so grateful that it worked because it really helped me in my last month of maternity leave.
“And it means I get to do some really exciting things with the girls before I go back to work.”
SOCIAL MEDIA USERS RESPOND
The TikTok clip, which was posted under the username @mollyandminehas clearly made an impression on many, as the video has already been viewed 21,800 times.
Social media users were grateful for Molly’s advice, with many taking to the comments en masse to express their support.
Someone said, “I just did this, so I hope it works.”
I just did the same thing and made £100 last week on a few articles
TikTok user
Another added: “Great advice, I’m just about to create a Vinted account so this was a great video to come across.”
A third commented: “I have a large package to upload so I’m going to do this today!”
At the same time, many admitted that they had also tried this tip and that it had worked for them.
A Vinted seller beamed: “This worked for me too! Awesome.”
A second joined in the conversation: “We just did the same and made £100 on a couple of articles last week.”
While someone else claimed, “I’ve been doing this for a while and it works!”
Do I have to pay tax on my additional income?
MANY people who are short of cash supplement their bank balance with a part-time job.
The good news is that there are plenty of easy ways to make some extra money, you just need to know the rules.
When you are employed, the company you work for withholds tax from your income and pays it to the tax authorities, so you don’t have to.
But if you want to make extra money, say by selling stuff online or walking dogs, you may have to do it yourself.
Stephen Moor, head of employment at law firm Ashfords, said: “Be careful if you earn additional income as this is likely to be taxable.
“The additional income can be classified as taxable income from trade, which can consist of providing services or selling products.”
You can earn a tax-free gross income of up to £1,000 per year through the trading exemption. However, you will usually have to pay tax on this amount.
Stephen added: “You should register for a self-assessment with HMRC to ensure you pay the correct amount of tax.
“The applicable tax brackets and the amount of tax you must pay depend on your income.”
If you don’t file a tax return, you may receive an unexpected bill from the tax authorities later asking you to pay the tax due, plus additional costs.
