Tax Free Earnings From Board And Lodge

Tewkesbury, United Kingdom (PressExposure) September 22, 2009 -- is a medium-long term lodging service for the working week where homeowners can rent out a spare bedroom in their house from Monday to Friday and have it back ready for weekend visitors. Whether you’re struggling to make mortgage repayments, empty nesters with too much space, or simply want some extra cash for a holiday or to top up your pension, provides the solution.

The government’s Rent a Room scheme lets you receive £4250 tax-free gross income from renting furnished accommodation in your only or main home. You don’t even have to own your home to take advantage of the tax break - people who rent, subject to their tenancy agreement, can benefit too. A higher rate tax payer would have to earn over £7000 to net the same amount in their pay packet.

For ‘Mondaytofridayers’ - or working week lodgers - the site offers a simple solution to long distance commutes, work life balance, a miserable hotel room existence or being at the mercy of friends with a sofabed. 52% of Mondaytofridayers save 2 or more hours on their commute, reduce their petrol bill and benefit from a stable home from home in the working week.

According to site founder Judy Niner, “We have the longest commutes in the whole of Europe - over 800,000 of us commute in to London alone. The current economic climate means people are having to work harder to find employment and in many cases, look further afield for work. increases the options by offering a cost effective solution to a long commute or a temporary project away from home. For cash-strapped homeowners the additional tax free income can make a real difference.”

The service costs £29.95 for 3 months for homeowners to advertise their room. Lodgers can browse available properties and make contact with homeowners for free.

In the current climate the message is clear, reduce unnecessary expenditure and look at additional ways to generate income and be flexible when it comes to finding a new job. Visit and see how you could profit from working week lodging.

About Lily Pad PR is an online property rental service where professionals rent a room nearer to their work during the week, then go home each weekend. Homeowners can earn extra income, with up to £4,250 per annum being tax-free, and also reclaim their privacy and entire property back each weekend when their lodger returns home.

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Press Release Submitted On: September 22, 2009 at 7:54 am
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