Financial Advice Blog

Our financial advice blog gives you good advice concerning getting on the property ladder or moving home.

Maximise Pension Contributions to Help Ease the Pain of IR35

Posted by John Yerou on March 16th, 2020 in Financial Advice Blog

UK Contractors are planning for life after Private Sector IR35 rolls out on April 6th. They face choices, the biggest how they're going to work from hereon in.

Some will look for roles outside IR35, perhaps in the unaffected SME sector. Others will work under an umbrella company, accepting the new law.

But for some, their contractor lifestyle will be over.

They'll simply wind up their limited companies and move into permanent employment.

Only you know which path is the right one for you. Talking to an expert, like QDOS, can help you decide if contracting is still viable for you.Continue reading about Maximise Pension Contributions to Help Ease the Pain of IR35

Your next new car: buy it or lease it?

Posted by John Yerou on July 10th, 2018 in Financial Advice Blog

Car sales in recent years have been buoyant again, is purchasing one, really your best option? For sure, purchasing a new car contributes to the UK wider economy, but when you consider your personal finances, it may not be the best option for you as a contractor. With public transport cost spiralling that’s not probably the best option either.

Leased Car Over the years we’ve seen more and more contractors switching to car leasing. Around 9 out of 10 contractors lease a new car. Leasing a new vehicle generally costs far less upfront and during the life of the agreement, than buying a vehicle.

For many contractors and self-employed professionals, car leasing has proven to be an affordable way to drive a new vehicle every 2 or 3 years, avoiding MOTs and unforeseen bills.

Continue reading about Your next new car: buy it or lease it?

IPSE warns of new IR35 risk with automatic switch to payroll

Posted by John Yerou on August 7th, 2017 in Financial Advice Blog

Chris Bryce is chairman of IPSE, the association for independent professionals and the self-employed. Both he and the organisation he represents have new concerns over IR35 compliance.

Some of you will say: "That's nothing new; there's always some sort of IR35 risk." And you'd be right.

But there's a huge change taking place in public sector contracting. The new client-end responsibility for assessing contractor status, payroll or independent, is here.

We look at what the new rules imply for clients and contractors alike. And, perhaps of greater import, how contractors can face this new challenge.
Continue reading about IPSE warns of new IR35 risk with automatic switch to payroll

Relevant Life Cover for Contractors – stick it on expenses!

Posted by John Yerou on July 25th, 2012 in Financial Advice Blog

It's an age-old conundrum for contractors. Just how do you provide valuable life cover and financial security for your family in a tax-efficient manner?

A revolutionary product has brought life cover into the 21^st Century for small business owners. It's called a Relevant Life Plan and could be the answer you've been looking for if you work through your own limited company.Continue reading about Relevant Life Cover for Contractors – stick it on expenses!