I am working full time in UK and don't have any other jobs or money sources except this full time job.
I have a bank account in HSBC UK.
My wife is going to register as self employed (freelancer) here in UK, and she needs a bank account.
We thought to make a joint account as an easy way to open a bank account since I have this account since 1 year.
My question now is:
She will get money from her new job to this bank account (the joint account). I need to understand about taxes, she needs to pay taxes her self before putting money in bank account or taxes will be taken from the bank account? if taxes will be calculated from the bank account this will be an issue because the tax ratio for my salary is different than what she will pay.
I just need some advises as I don't have any experience in these issues