Freelancing in the UK requires financial responsibility including managing taxes, pensions, and expenses independently.
Separating personal and business finances is crucial for easier tracking, tax filing, and financial management.
Prepare for taxes by setting aside 20-30% of income in a separate account and use tools like ANNA Money for tax-related tasks.
Establish a safety net with an emergency fund to cover three months' worth of necessities and focus on improving financial literacy for long-term success.