Boost your income by letting out your spare room

With the cost of living going up, earning some tax-free income sounds pretty awesome, right? If you have a spare room, you can actually do that by renting it out and using the rent-a-room scheme.

What’s Rent-a-Room?

The rent-a-room scheme lets you earn up to £7,500 tax-free each year by renting out one or more rooms in your home. If you're sharing the inc…