Self-employed and in debt? These tips will help you manage Being self-employed isn’t easy. If you are stuck in the red, we’ve got some simple steps you can follow. It’s easy to see why people start their own business, when making money is only limited by your own ambition and ability. Sadly being self-employed isn’t
Average clause This is a condition included in some home insurance policies that limits what you can claim if you are under-insured. For example, if the contents of your home are worth €40,000 but you insure them for just €20,000 you are under-insured by 50%. If your contents are damaged, destroyed or stolen, the most
What is a Financial Broker? An expert in financial matters, a Financial Broker provides services to both companies and individuals. Services can include: personal financial planning, life cover, serious illness cover, income protection, health insurance, savings, investments, pensions, retirement planning, business financial planning, inheritance tax planning, mortgages and commercial finance. Financial Brokers differ from Insurance
You need protection The better sort of employer offers valuable benefits such as life insurance, sick pay and paid holidays, but now you have to pay for it yourself. Your priority is income protection, which pays a tax-free income if you can’t work due to sickness or ill health. This is vital cover, yet alarmingly
Nearly half the self-employed have no pension savings at all Incredibly, four out of ten plan to keep working until they drop, which is a delightful prospect. Others bank on having a flourishing business to sell when they retire, or a property to sell, so they can live off the proceeds. That isn’t financial planning,
Planning, expecting or raising a child? You may not have a minute to spare – but finding one to read this will be worth your while… Becoming a parent Becoming a parent will naturally cause you to revaluate your priorities, and protecting your family will undoubtedly be top of this list. There are thousands of
Client asked me this question this morning, What are Additional voluntary contributions? (AVCs) AVCs are extra contributions you pay in addition to the normal pension contributions you or your employer make (if you are a member of an employer pension plan). AVCs help to increase the value of your pension fund or can be used
What cover do you need? If your circumstances change, it is important to review your level of cover, the benefits you get and how much you are paying for them. Reasons why you might want to change your life insurance policies: You have experienced changes in your life. For example, if you have had children,
I met a client this morning that was worried that tax relief on pensions is no longer available. The reason he called into me was to find out if this is true. There was plenty of speculation that the marginal rate of 41% would be reduced in the Budget but as things stand, individuals who