Delay taking your pension if you can For those people moving closer to retirement who may have been impacted by the recent market volatility, an option to consider is deferring your private pension.

Strengthening the safety net for those who work for themselves The Chancellor, Rishi Sunak, said he will ‘strengthen the safety net for those who work for themselves’ with a package of measures to support the self-employed and freelancers, offering improved benefits and tax deferrals.

Financial support for those impacted by coronavirus Chancellor of the Exchequer Rishi Sunak unveiled unprecedented government aid for the self-employed. There are around five million people who are self-employed and freelance across the UK, and many will be relieved to hear that financial support is on the way to help those impacted by coronavirus.

What other options do I have available to me? If you are not eligible for Statutory Sick Pay (SSP) – for example, if you are self-employed or earning below the Lower Earnings Limit of £118 per week – and you have COVID-19 or are advised to self-isolate, you can now more easily make a claim … Continue reading “Self-employed and not eligible for SSP”

Payments made from day 1, rather than day 4, of your absence from work If you think you are entitled to Statutory Sick Pay (SSP), you can receive £94.25 per week if you’re too ill to work. It’s paid by your employer for up to 28 weeks.

Guaranteeing a proportion of the salaries of millions of workers Around the country, many employers have implemented lay-offs due to reduced revenues and the closure of their business premises due to coronavirus. The Coronavirus Job Retention Scheme has been set up to support those employers and help them continue to pay wages of staff who would otherwise … Continue reading “Coronavirus Job Retention Scheme”

Lifeline for small and medium-sized enterprises struggling with cash flow The Coronavirus Business Interruption Loan Scheme (CBILS) is a loan scheme that was announced by the Chancellor, Rishi Sunak, during the 2020 Budget and has been set up to help small and medium-sized enterprises (SMEs) that are struggling with cash flow because of revenues that … Continue reading “Coronavirus Business Interruption Loan Scheme”

Retail, Hospitality and Leisure Grant Fund Originally announced in the Budget on 11 March, the Small Business Grants Fund (SBGF) and the Retail, Hospitality and Leisure Grant (RHLG) will be delivered by local authorities in England.

COVID-19 pandemic has made more people think about just how crucial it is to make a Will Since the outbreak of coronavirus (COVID-19), the number of people seeking to write new Wills has risen by over 30%, according to The Law Society.

Increasingly varied needs in an increasingly complex environment No two people have identical financial circumstances, which is why it’s essential you have a tailored financial planning solution in place that meets your individual needs and investment goals.