The Coconut Self-Employment Survey Infographic
The Coconut Self-Employment Survey Infographic

The Coconut Self-Employment Survey Infographic

No items found.
No items found.
No items found.

The results are in, and they’re evolutionary.More than 500 people took part in the survey, thank you. Freelancers and self-employed people from all walks of life shared their experiences.If you're feeling inquisitive and want to do some analysis of your own, you can find the raw data here. If you find out anything interesting, do share your insights with the community.


We've put our analysis in an infographic below, but here are a few highlights:

  • Many people start out freelancing on the side and quickly fall in love with the freedom and flexibility it brings to their lives. According to our survey, well over half of current side-hustlers want to become self-employed full-time.
  • Out of those who were already working for themselves full-time, 64% had no plans of returning to traditional employment and 44% want to grow their business.
  • Taxes consistently clocked in as the biggest headache for self-employed people when it comes to finance. Whether it's budgeting for them, saving for them, or filing your tax return, taxes appear to be the bane of self-employed life.
  • Having an accountant doesn’t eliminate the problem either. Despite over half of the people we surveyed saying they employed an accountant, budgeting for taxes was still cited as the second biggest hassle for this group.
  • Sadly, getting paid on time, or in some cases at all, is still a challenge for self-employed people. In many cases its the client's fault, with lack of funds and 'meanness' being cited as top reasons for not being paid.


Here's our full infographic. You can also find the raw data here if you fancy doing your own analysis:

Ask our community a question

Go to Bite

Keep reading

What’s the new Health and Social Care levy and how are the self-employed affected?

The prime minister has outlined his plans which have now been approved by MPs to increase National Insurance contributions to invest in health and social care across the UK over the next 3 years.


Budget 2021: Financial support available for self-employed people

The SEISS has been extended until September, and there has been one significant change for the better. The grant has been extended to ~600,000 people who were previously excluded by including those who filed a 2019/20 Self-Assessment tax return by midnight 2nd March.


Self employment is how self-taught jeweller, Esh, is shaping her future

Self-taught jeweler, Esh, speaks to us about the complexities of building her own jewelery business. But also, how rewarding the process has been.

Coconut is the trading name of Coconut Platform Ltd, company number 09904418. Coconut is registered with the Financial Conduct Authority (FCA) as an Account Information Service Provider under the Payment Services Regulations 2017 (reference 931194).

Coconut provides some customers with a business current account, but is not a bank. The Coconut current account is an e-money account provided by Prepay Solutions (PPS), a trading name of Prepay Technologies Ltd, which is an electronic money institution authorised by the FCA under the Electronic Money Regulations 2011 (reference 900010) for the issuing of electronic money.

PPS holds all funds in a safeguarded account in accordance with the Electronic Money Regulations 2011 which protects customers against Coconut or PPS’s insolvency. The Coconut Mastercard is also issued by PPS pursuant to a licence by Mastercard International.