‘Can’t believe I waited this long to use Vinted’ cries new mum as she makes £90 in two days with savvy baby hack
A NEW mum has shared how she made £90 in just two days from the comfort of her home.
Bethany Gunn, who lives near Edinburgh and is currently on maternity leave, said it is a very simple Vinted tip that has helped her rake in the quick cash.
Bethany, mum to four-month-old Cohen, had previously only bought items on the marketplace app.
But after her tot’s pile of outgrown clothes started to pile up, she decided to give selling a go too.
And listing clothes in bundles, instead of single items, seems to have done the trick.
Sharing a video of her sold packages on TikTok (@bethaniesdiary), Bethany said: “This is your sign to buy the postage bags and get your old bits in Vinted. I made £90 in two days.
“Can’t believe I waited this long to use Vinted.”
Her current bundles still up for grabs include three Next sleepsuits for a tenner, three Shein baby hats for a quid and a £1 selection of baby mittens.
Speaking to Fabulous about her Vinted success, Bethany said: “I have been buying on Vinted for a while.
“I actually got a few really good baby buys when I was pregnant so thought I’d list some bits that we no longer needed!
She added: “I think making sure you have a nice background, the items you are posting aren’t creased and look presentable helps a lot.
“I found posting the items was a much harder process in my head than it actually was and it was actually a lot quicker than I thought it would be.
“When I’d find something Cohen had grown out of I’d pop it in a pile and then posted a few bits all at once and luckily they sold really quickly.
“I love Vinted, baby items in particular are great to buy and sell on there.
“Because they are used for such a small amount of time they are still in such good condition and have a lot of life left in them, so save a few pennies by buying them second hand.”
Online marketplaces like Vinted and Depop have millions of users across the UK, with the cost-of-living crisis only increasing their popularity.
Financial pressures in British homes saw sales of second-hand goods jump by 15 per cent to £21 billion in 2022.
One in six people now say they buy used items, according to research commissioned by review site Trustpilot.
So, now’s the perfect time to make yourself some extra cash on the likes of Vinted.
According to the popular platform, sellers do not have to pay tax on earnings they make from the site.
This, HMRC stated, is because selling personal items through platforms like Vinted is not itself taxable.
”If the money a member makes on Vinted over a year is less than the amount they paid for the items they are selling, then there is no tax to pay,” a Vinted spokesperson explained.
”Generally, only business sellers “trading” for profit might need to pay tax.
“A tax-free allowance of £1,000 has been in place since 2017 for people who trade for profit.”
New Vinted rules to be aware of
IF you fancy clearing out your wardrobe and getting rid of your old stuff on Vinted, you’ll need to consider the new rules that recently came into play.
If people are selling personal items for less than they paid new (which is generally the case for second-hand sales), there is no impact on tax.
However, since January 1, digital platforms, including eBay, Airbnb, Etsy, Amazon and Vinted, must share seller information with HMRC as part of a crackdown.
You’re unlikely to be affected if you only sell a handful of second-hand items online each year – generally, only business sellers trading for profit might need to pay tax.
A tax-free allowance of £1,000 has been in place since 2017 for business sellers trading for profit – the only time that an individual personal item might be taxable is if it sells for more than £6,000 and there is a profit from the sale.
However, firms now have to pass on your data to HMRC if you sell 30 or more items a year or earn over £1,700.
It is part of a wider tax crackdown to help ensure that those who boost their income via side hustles pay up what they owe.
While your data won’t be shared with HMRC if you earn between £1,000 and £1,700, you’ll still need to pay tax as normal.