CONTRACTORS URGED TO EXPOSE FINANCIAL SERVICE INEQUALITIES

The self-employed are being urged to share their stories about accessing financial service products to ‘expose the inequalities’ independent workers face compared with employees. It is hoped more people speaking out will improve the way financial products are designed and delivered for the self-employed. The appeal is contained in a...

ONLY 16% CONTRIBUTE TO A PRIVATE CONTRACTOR PENSION

The self-employed are facing a pension cliff edge, according to an independent workers’ trade body and a leading financial advisory business. The news has put contractor pension contributions back in the spotlight. IPSE - The Association of Independent Professionals and the Self-Employed – and CMME Group have warned only 16%...

CONTRACTOR INSURANCE: MORE THAN HALF WITHOUT COVER – REPORT

Contractor insurance is under the spotlight after it was claimed more than 50% of the self-employed are without life, health or income insurance. A new report has revealed that more than half of self-employed people have no life insurance, private medical insurance, critical illness cover, or income protection insurance Financial...

GOVERNMENT SHOULD DO MORE ABOUT CONTRACTOR MORTGAGES

Many self-employed people believe they are penalised for seeking contractor mortgages. This has led to calls from an independent workers’ trade body and a leading financial advisory business for mortgage lenders to do more to support the self-employed according to an independent workers’ trade body and a leading financial advisory...

WORKING FROM HOME NOT PART OF OMICRON RESTRICTIONS – YET

The identification of a new COVID-19 variant, Omicron, has led to a range of new preventative measures. These include mandatory facemasks in shops and on public transport and changes to border controls. However, working from home is not currently among the steps ordered by the UK Government. ContractorUK says the...

IR35 RULES ‘SPLINTERED’ UK CONTRACTING

A senior recruitment director has called on the UK Government to review IR35 rules to address ‘vast unintended consequences’. Adrian Smith, senior director of operations at Randstad UK, writing for ContractorUK, has given his insight into the impact of the IR35 review which came into force in April. IR35 Rules...

THE PERKS OF A GOOD CREDIT SCORE

We all understand that having a good credit score is important, but it isn’t always clear exactly why. Mortgage broker Contractor Friendly Mortgages, in a new blog, has outlined five of the top benefits of ensuring your credit score is good. Give a Good First Impression You shouldn’t see your...

IR35 IS ‘FORGOTTEN FACTOR’ IN JOB CRISIS

The HGV driver shortage is being fuelled by IR35, as well as the Covid and Brexit, according to a leading contractor news site. Contractor Weekly is reporting that experts have flagged IR35 as an important factor in the driver crisis. Driver Shortage The HGV driver shortage has led to reduced...

TIME TO REVIEW CONTRACTOR PAY RATES?

Many contract workers are asking themselves the same question right now; is it time to review contractor pay rates? Contractor insurance specialist Kingsbridge has written some advice on how contractor pay rates should be approached. Less Money The Kingsbridge blog looks at how to increase contractor pay rates without alienating...

SELF-EMPLOYED REMORTGAGE: IS IT POSSIBLE?

Self-employed mortgage specialist CMME is regularly asked 'can I get a remortgage while self-employed?'. In a new article the company reveals the short answer is yes. CMME highlights there are a few things you should know before approaching a remortgage. These include evidencing your income and the hurdles you might face through the process...