Finance Cover Yourself with Professional Indemnity Insurance
23/08/2010
As things currently stand, an increasing number of Brits are going the self employed route. With the economic crisis at fever pitch one needn’t have the greatest imagination to work out why; after all, going it alone bypasses interviews and dependencies on other people, instead allowing you to control your own professional future. To save on overheads, more and more new business owners are working from home rather than an external office. While this is a good idea and makes perfect financial sense, it does not negate the need for professional indemnity insurance.
More Stories
Retired parents expected to finance struggling adult children
Today’s pre-retirees face increasing financial pressure from their adult children, according to new research from Aviva. Although work and wages have come to an end, the bank of Mum and Dad is expected to stay open.
1 in 3 couples over 40 know nothing about their partner's finances
UK couples could be risking an old age in poverty because they are failing to talk to one another about financial planning for their retirement, according to new research from Prudential.
'No retirement' fears for 1 in 10
The prospect of retirement is looking like a thing of the past for many Brits as new research from Baring Asset Management reveals that 10% of the working population, the equivalent of 3.5 million people, have no plans to ever stop working and 15 million (42%) non-retired UK adults aren’t able to say at what age they plan to retire.
Pensioners hardest hit as Tax Code errors soar
HM Revenue & Customs (HMRC) collected £238 million too much tax from taxpayers as a result of PAYE errors in 2009/10 according to data obtained by tax specialists at accountancy group UHY Hacker Young.
Returns can be Taxing
Yes, it’s that time of year again. There may be fourteen shopping weekends till Christmas but if you want to file your tax return on paper you only have six. Life is marginally better for those of you who are happy to file online but if, like half the country, you leave it until after the Christmas rush, you only have another five. Carol Pavely from Tax Help for Older People gives some advice.
Tough psychological impact for new retirees
With retirement on the horizon, many people approaching retirement will be thinking about how they will fund their golden years, but many don’t consider the impact it will have on them emotionally.
New research from Scottish Widows reveals that it is just as important to consider the emotional and practical implications of these lifestyle changes as many will be in for a shock when they reach retirement, according to the inaugural Retire-Easy report being launched today.
The Law Society calls for will writers regulation
The Law Society has called for greater regulation of the will- writers to match that of solicitors after BBC Panorama's 'Wills: The Final Rip Off?' last night (9 August 2010) revealed the risks of using unregulated will writers.
The bank of gran and grandad is shelling out £2,000 a year
Financial loans to children and grandchildren are costing the average over 65 year old £2,000 a year according to new research.
Scottish Widows urge women over 50 to re-engage with pensions savings
As women over 50 have been hit hardest by the dip in pensions savings, Scottish Widows is calling on this group to re-engage with pensions savings to ensure they prepare adequately for retirement.
At an event this week to mark the launch of the sixth annual Scottish Widows Pensions Report and discuss the issue of “Pensions in a new Parliament”, Scottish Widows highlighted its core recommendations to tackle the nations pensions savings.
Inflation still rising for older people
While the latest official inflation rates (for June 2010) show a slight fall, the picture is very different for those people - notably the over 75s - who live on relatively limited incomes and spend a high percentage of their available income on basics such as food.
A quarter of a million pensioners receive big energy bill rebates
Around 250,000 pensioners will start getting £80 off their next electricity bill from this month, thanks to a deal by the Government and the leading energy suppliers announced earlier this year.
The Budget – Don’t Panic!
Author Arthur C. Clarke said Douglas Adams' use of "don't panic" in the Hitchhiker’s Guide to the Galaxy was perhaps the best advice that could be given to humanity. It could equally apply to anyone needing advice on what the last Budget will mean to them, as Carol Pavely of Tax Help For Older People explains.
The age-old insurance problem for the over-65s
Many insurers are hitting the over-65s with significantly higher premiums for car and travel cover, often refusing to provide quotes at all, according to new research from the experts at Which? Money.
Equity release used to clear debt as hard times take hold
More than a third of equity release customers have used the extra cash to help clear their debts, whilst almost half have put it towards essential house maintenance, according to new research by the University of Birmingham for Age UK.
