Self-employment & Freelancer's wage

Now I want to talk about freelance photography from the money aspect. How much you should earn and how to register yourself as self-employed. First of all, if you want to be a freelancer, you must register as self-employed and therefore pay taxes and National Insurance contributions. Size of these depend of the income. HMRC allows three months of time for new self-employed since the start of their employment to register before issuing a fine, £100 with subsequent fines being greater. Also, it is important to understand the pattern for a freelancer photographer work. As mentioned in London Freelance Guide, no matter how short or little the work is, it should still be commisioned for no less than one working day. The reasons are provided, too: whereas usual 9-5, 5/7 job provides income for day to day living as well as health insurance and pension, freelance photographers realistically have 3, 4 working days at best per week - rest of the time is taken up by preparation, and later development of pictures. Therefore a freelance photographer should earn same amount of money working 48 weeks a year (with four weeks of holiday) 3 days a week - a total of just under 150, as a person working 48 weeks 5 days a week - 240. Consequently, an average price for a beginning photographer day's work should be around £400, and definitely no less than £250. Of course, depending on the photographer, a greater day's commision fee could be applied. It is important to allow the customers to fully comprehend situation of being a freelance photographer; and that a price of £400 is not too much to ask for a two-three day work, even though there may only be few direct contact hours. In addition, even the shortest of jobs, lasting hour or two, should still, as mentioned before, charged for a full day (or a half day, which due to provided reasons should be no less than 60% of day's pay) because of all preparation and development work that fol