Do you have enough savings to cope with a drop in income?
Umbrella company contractors may be about to witness the biggest drop in household incomes for 30 years, according to the Institute for Fiscal Studies.
savings
How secure is your umbrella company contract?
Recent research conducted by HSBC has discovered that 29% of people in the UK think their job is not secure over the next year and 37% believe the same will be true over the next three years.
Do contractors use ISAs to save tax?
Contractors may want to take the advice of the Nationwide and use their ISA tax relief allowance for this year before it runs out.
Interest rates will remain historically low for a bit longer
The Bank of England base rate is to remain at its historically low rate of 0.5%, at least for the immediate future, the Monetary Policy Committee has announced.
Should umbrella company contractors put their faith in an ISA?
Although the government spending cuts may not have a direct impact on everybody, it’s worth bearing in mind the underlying message that the coalition is trying to get through.
Make sure your contractor earnings are working for you!
Although many people in the UK say they are worried about the state of their own finances, 67% of them have not made any changes to their saving habits since the recession started two years ago.
Freelancers must plan ahead
Umbrella company contractors should start considering their retirement now. Recent research, carried out by Defaqto, shows that 44% of adults in the UK are not confident that they will be able to sustain a reasonable standard of living once they retire. That’s a rise from 38% last year.
Umbrella company contractors must move quickly to get best savings deals
Umbrella company contractors need to move quickly if they want to get the best savings deals, according to moneysupermarket.com.
Umbrella company contractors should start preparing for Christmas
It seems that every year the start of Christmas gets ever earlier and UK SMEs that have not launched their festive offers could be lagging behind their competitors; at least that’s the suggestion from moneysupermaket.com.
Should umbrella company contractors be saving or spending?
Last week, the Bank of England controversially hinted that we should be spending rather than saving.
Young umbrella company contractors need to consider pensions
Young umbrella company contractors need to be encouraged to save for their retirement, but in order to make the prospect appealing, the UK pensions industry need to undergo radical reform, according to George Ladds from the Fair Investment Company.