Financial Planning for Contractors

Posted by siteadmin on Monday 22nd of May 2017.

Comparing employee packages with the reality of contracting is usually a lacklustre experience. In a quest to overcome this, we’ve come up with a variety of elements which together could be equivalent to the financial bundles often enjoyed by employees of large companies. You could potentially have:

  • sick pay
  • financial protection from debilitating illness, injury and death in service
  • good retirement arrangements
  • more reasonable mortgage terms.

Scottsdale MoneyWISE has tax-efficiently provided contractors with some or all of these benefits for many years. Our know-how of these elements often surprises those we help.

Did you know that we can generally reserve you a lower-rate mortgage for up to six months?

This means you can secure a known mortgage rate well before any preferential payment terms expire on your existing mortgage.

Did you know that there are mortgages available for new contractors?

Even if you don’t yet have three years of accounts, we can usually help you secure a reasonably competitive mortgage.

Did you know that we have a dynamic tool to forecast your financial future in various scenarios?

Our clients love the clarity this ‘what if’ modelling tool brings, because it gives them more certainty when they are considering making changes. It enables us to illustrate how changes you could make today would impact you in the future, at various years of age. This has proved to be a priceless aid to individuals and couples in helping them make well-informed decisions.

Did you know that we ensure your financial plans remain aligned with your livelihood, lifestyle and aspirations?

Once we’ve worked with you to make clear financial plans, we’ll ensure your arrangements remain aligned with your changing circumstances through annual review meetings and using the aforementioned modelling tool. We also keep you informed about the impact of changing regulations and tax rates on your financial planning.

If you’re interested, please contact us to book an exploratory meeting or Skype call, free of charge.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Tax treatment varies according to individual circumstances and is subject to change.

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