Lifetime ISA vs SIPP for Freelancers: A Quick Overview
Learn the differences and potential implications of using a lifetime ISA vs a self-invested personal pension to save for retirement as a freelancer in the UK.
Did you know there are over 2 million freelancers in the UK?1 As more people join the growing gig economy, finding reliable platforms to connect with clients can feel overwhelming.
In this guide, we’ve explored some of the top freelance websites for the UK market, comparing their fees, payment methods, and who they’re best suited for so you can choose the right platform with confidence.
We’ve also explained how Wise Business can help you manage international payments more efficiently when working with global clients using Wise Business.
| Platform | Best for | Fees (Freelancers) |
|---|---|---|
| Upwork | General freelancing | 5%–20% sliding scale2 |
| Fiverr | Beginners & creative gigs | 20% commission4 |
| PeoplePerHour | UK-focused freelance work | 3.5%–20% tiered5 |
| Freelancer.co.uk | Competitive bidding & contests | ~10% typical |
Upwork handles payments by holding client funds in escrow until work is approved. UK freelancers can withdraw earnings through methods like bank transfer, PayPal, or Wise, while clients fund contracts upfront or are billed weekly for hourly work.
Find out more in our Guide to Upwork Payments.
Upwork charges different fees depending on whether you’re a freelancer or a client2.
Freelancers pay a sliding service fee per client relationship: 20% on the first $500 billed, 10% up to $10,000, and 5% beyond that.
Clients typically pay around 5%–10% depending on their plan, plus possible additional costs.
There are also small fees for submitting proposals using 'Connects'3, which cost USD 0.15 each.
Fiverr is a global marketplace where freelancers offer packaged services (‘gigs’), commonly used in creative industries like design, video, and voice work.
According to Fiverr’s payment terms4, freelancers typically receive 80% of the order value, with Fiverr taking a 20% commission.
Additional considerations include:
Since Fiverr earnings are often paid in USD, using a multi-currency account can help reduce conversion costs. With Wise Business, you can receive USD using local account details and convert to GBP when needed, using the mid-market exchange rate and transparent fees.
PeoplePerHour connects UK businesses with freelancers, particularly in marketing, SEO, and design.
According to PeoplePerHour’s terms5, freelancer fees follow a tiered structure:
Additional fees may include proposal credits, withdrawal charges, currency conversion (~2.5%), and dispute fees.
If you receive payments in USD or EUR, using Wise Business can help you access local account details and convert currencies with transparent pricing.
Freelancer.co.uk offers project bidding and contests across a wide range of industries.
Fees vary for employers and freelancers:
Freelancers:
Employers:
Additional costs may include payment processing fees, withdrawal charges, and optional upgrades.
Using a multi-currency account like Wise Business can help when receiving international payments, though fees and availability may vary depending on currency routes and payout methods.
Freelancing internationally often involves handling multiple currencies and payment methods.
Wise Business can help you receive, hold, and convert currencies with transparent fees and real exchange rates.
With Wise Business, you can:
Make the wise choice when selecting a business account for all your domestic and global needs.
Be Smart, Get Wise.
Fiverr is often considered beginner-friendly due to its gig-based model, allowing freelancers to build experience and reviews gradually.
Start by identifying a skill, building a portfolio, and applying for smaller jobs to gain experience and reviews.
Sources:
Sources last checked on 31 March 2026
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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