Daily headlines are suggestive of an imminent interest rate rise to ease the accelerating housing market, and to also calm down the fear that the UK economy “could be more vulnerable to income and interest rate shocks” as more households increase their level of debt.
Tags: Limited Company, Mortgages
Read more...You could be one of the UK’s higher-rate tax payers missing out on £225 million in tax relief each year by not paying in to a pension. The insurer Prudential recently surveyed 302 higher-rate tax payers and found that 1 in 10 make no contribution to a pension. Rolling this figure out nationwide at least 90,000 higher rate taxpayers could be paying nothing into a pension, this equates to missing out on £2,510 in tax relief a year.
Tags: Pensions
Read more...When making the decision to go it alone as a Contractor, one possible concern is the lack of fall back on an employee benefits package. Over the years you may have been sold policies such as payment protection insurance but these will no longer be valid now that you are a Contractor. The one protection policy every working Contractor in the UK should consider is the very one most of us don’t have – income protection.
Tags: Insurance
Read more...The self-employed are facing a pensions black hole unless they start making provision and saving for retirement now. Just over a third of the nation’s 4.5 million self-employed are adequately prepared according to recent research by Scottish Widows.
Tags: Pensions
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