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Contractor related financial articles
Over the years we have provided many articles of interest to the UKs contractor community.
Here are the most recent and we hope that you find them of use. It is important to check with us that specific details are still accurate as the text merely provided a snap shot that was relevant at the time of writing.
If you wish to discuss any of the issues raised please contact us.
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Northern Rock customers forced out
April 2008
Even if by some miracle a commercial buyer had been found for Northern Rock, the message would have been the same.
Keep reading "Northern Rock customers forced out" -
How was it for you Darling?
April 2008
Alistair Darling announced a last minute delay in the clampdown on income sharing, with proposals now put off until 2009 to allow for further consultation.
Keep reading "How was it for you Darling?" -
All change to a nicer ISA?
March 2008
After months of bad economic and taxation news it's good to be able to focus on something that should boost the lot of any Contractor looking to minimise tax.
Keep reading "All change to a nicer ISA?" -
How to beat the credit crunch
March 2008
Contractors may need to act quickly to get onto or move up the housing ladder.
Keep reading "How to beat the credit crunch" -
Pensions into Property
February 2008
One option for business owners to ensure trading continuity is by purchasing the premises that they trade from.
Keep reading "Pensions into Property" -
Contractors urged to be wary of lenders variable rate mortgages
January 2008
With homeowners eagerly anticipating a reduction in Bank of England base rates in the coming months, it was disturbing to see Standard Life Bank announce an increase in its variable mortgage interest rate.
Keep reading "Contractors urged to be wary of lenders variable rate mortgages" -
HIPs to stay
December 2007
Despite the initial hopes of home owners, estate agents, mortgage advisers and housing industry experts that this ill-conceived added layer of cost and bureaucracy would be confined to the regulatory scrap heap, HIPs are sadly here to stay.
Keep reading "HIPs to stay" -
Planning for an early retirement
November 2007
Given the constant challenge of running a business, many company owners will dream of early retirement.
Keep reading "Planning for an early retirement" -
Buy to let for Contractors comes of age
October 2007
The recent credit crunch has brought a great deal of uncertainty to the mortgage market but as is always the case, regardless of financial climate, there are always winners and losers.
Keep reading "Buy to let for Contractors comes of age" -
What is the root of the financial upheaval in the UK?
September 2007
The credit crunch all stems from events in the US. As a result of some very dubious sales practices in the poorer communities, to customers who invariably had bad credit ratings, literally billions of pounds worth of mortgages have been secured on property on which the borrowers have little ability to repay the debt.
Keep reading "What is the root of the financial upheaval in the UK?" -
Tax efficient investment for business owners
September 2007
One of the great irony's of running your own business is that when you congratulate yourself on a good trading year the realisation can often dawn that it is the taxman who ends up the main beneficiary.
Keep reading "Tax efficient investment for business owners" -
Contractors need to claim forgotten cash before the taxman spends it for them
September 2007
The Treasurys lasted wheeze to boost public spending on community projects is to grab hundreds of millions pounds of so called unclaimed assets that are currently lying dormant in savings accounts. The British Bankers' Association (BBA) and Building Societies Association (BSA) have been forced by the government to design a scheme whereby money left in unused accounts for more than 15 years can become accessible to the authorities.
Contractors need to claim forgotten cash before the taxman spends it for them -
Contractors urged to draw up a Living Will
April 2007
Less than 30% of Freelancers have a Will and whilst many of us will view the administration of our affairs when we die as 'someone else's problem', Contractors are being urged to put their legal affairs in order in the event of incapacity.
Keep reading "Contractors urged to draw up a Living Will" -
Mortgage Decision Time for Freelancers
April 2007
With base rates expected to rise in the coming months, we explore some of the options available to Contractors and how to compare the best deals.
Keep reading "Mortgage Decision Time for Freelancers" -
Buy to Let Mortgages just got easier!
April 2007
As Independent Mortgage Advisers, ContractorMoney have helped hundreds of Contractors invest in the residential rental market.
Keep reading "Buy to Let Mortgages just got easier!" -
Contractor Pensions Reprieved
February 2007
After suffering 10 months of confusion and anxiety, Contractors, their Pension Advisers and Accountants can breath a huge sign of relief after clarification this week by HM Revenue & Customs (HMRC) regarding how pension contributions from one-man limited companies will be assessed for tax relief.
Keep reading "Contractor Pensions Reprieved" -
Contractors welcome 'A' Day clarification
February 2007
Many Contractors will be familiar with the opportunities presented by the Pensions Simplification rules (known as 'A' Day) that came into effect last April. The new rules included the ability to make, in theory at least, unlimited company contributions into pensions within a personal lifetime allowance of £1.5 million.
Keep reading "Contractors welcome 'A' Day clarification" -
Get your finances into shape for 2007
January 2007
January is always a great time to put in place those changes that will ensure you make the most of your cash in the coming 12 months. As Independent Financial Advisers we are always on hand to help and heres some suggestions to make 2007 a really prosperous year.
Keep reading "Get your finances into shape for 2007" -
Financial planning issues for contractors as a result of the pre budget report
December 2006
The Chancellor's pre-budget report seems to be a case of Gordon giveth in April and Gordon taketh away in December. Some good news for the future of tax free savings was tempered by a turnaround on pensions.
Keep reading "Financial planning issues for contractors as a result of the pre budget report"
News and Articles
- How to beat the credit crunch
- Contractors may need to act quickly to get onto or move up the housing ladder...
- All change to a nicer ISA?
- After months of bad economic and taxation news it's good to...
- Pensions into Property
- One option for business owners to ensure trading continuity is by purchasing the premises that they trade from...
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