I know there are various advantages and disadvantages to being a PAYE worker versus self employed, but are there savings to be made by being self employed? In other words discuss with your employer the possibility of him hiring your services as a self employed person. If you were disciplined enough to put your tax payable into a deposit account each month until October of the following year when the tax would be due, surely there would be a nice amount of interest accumulating on it each month?