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Why you need income protection to avoid major financial difficulties
You need income protection to ensure you and your family have an income if you becomes too ill to work.
�g cover. When choosing to leave employment and go contracting, you simply no longer have the safety net of sick� �an income when you are ‘on the bench’ in between contracts. There are two main types of income protection. L�
Category: Articles: Contractor Income Protection | Mon, 24 Oct 2016

Contractor Doctor: Can I claim payment protection working for an umbrella company?
When a contract is terminated, umbrella company contractors remain employed and can’t claim payment protection.
�h has a contract with an agency, which in turn is contracted by the end-user client to provide contractors. Co� �Dear Contractor Doctor, I have been contracting through an umbrella company and my contract was t� �not made redundant or given the sack, but that my contracts simply came to an end. What can I expect my umbre� �en contracting through an umbrella company and my contract was terminated early. Since then, I have managed�
Category: Articles: Contractor Income Protection | Tue, 27 Jun 2017

Contractor guide to the settlements legislation S624 ITTOIA 2005, formerly S660
Contractors can assign shares to a spouse despite the settlements legislation, because of the Arctic Systems case.
�ommercial transaction, the valuation process of a contracting business is inherently flawed. If an HMRC inspect�
Category: Articles: Settlements Legislation | Mon, 30 Jan 2012

Settlements legislation (S624/S660): minimising risks of an inspection and penalties
Contractors sharing income with a non-fee-earning partner can adopt a number of strategies to avoid an HMRC inspection that could result in penalties.
�ouse can make an investment and buy shares in the contracting business at market rate. This may be a good optio�
Category: Articles: Settlements Legislation | Mon, 24 Jul 2017

Why contractors need life insurance
Contractors don’t have employee benefits, so must ensure their loved ones have a financial safety net if the worst happens.
�tractors need life insurance because when they go contracting, they lose all their employee benefits and become�
Category: Articles: Contractor Life Insurance | Wed, 13 May 2015

Relevant life policies versus Key person insurance – explained
Contractors need to understand the differences between Relevant Life Policies and Keyperson insurance to choose the best protection for their needs.
�contractor has an ambitious growth plan for their contracting business and has fellow directors or employs seni�
Category: Articles: Contractor Life Insurance | Mon, 14 Mar 2016

Contractor Doctor: Will my current life insurance cover me when I go contracting?
Contractors with existing life insurance will find the policies are still valid, but they may not provide sufficient cover.
�current life insurance policy cover me when I go contracting? Thanks, Aisha Contractor Doctor says: There is n� �ear Contractor Doctor I have just signed my first contract, handed in my notice and I start with my first ev�
Category: Articles: Contractor Life Insurance | Mon, 30 May 2016

Tax efficient death-in-service benefits via a limited company
Contractor death-in-service insurance premiums can be paid by a contractor’s limited company
�nent employees before they made their choice of a contracting career will recall that they almost certainly had�
Category: Articles: Contractor Life Insurance | Thu, 27 Sept 2018

Contractor life insurance cover – policy options for limited company contractors
Limited contractors can protect their families with a life insurance policy funded by their business
�the worst should happen. Prior to starting their contracting career when in permanent employment, many contrac�
Category: Articles: Contractor Life Insurance | Mon, 13 Dec 2021

Relevant Life insurance plans - 9 key facts for contractors
Your company can pay for your life insurance, saving you thousands in tax relief on all the premiums. Switching is easy. Here's how.
�When you move to contracting, any life insurance benefits previously paid by y�
Category: Articles: Contractor Life Insurance | Sat, 03 Jun 2023