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Income Protection – Peace of mind for the self employed

Krys Mayoh

Client Support - Wealth Management
11/03/2019

Recently there have been huge improvements to the range of income protection cover available for contractors, freelancers and the self-employed. Flexible policies are now available that:

  • cover up to 60% of your earnings, tax free
  • begin from the first day of an illness
  • cover up to three months between work assignments
  • include dividend income as proof of earnings
  • increase in line with inflation

Income protection is more affordable than people expect, for example premiums are around £35 per month for:

  • 40-year-old contractor (non-smoker)
  • £2000 cover per month
  • Cover beginning 4 weeks after illness/injury starts and ceasing at age 65

How Hallidays can help

Our Wealth Management Team can save you time by taking a holistic look at your circumstances, including your financial commitments, your personal savings and any dependents. We can research the whole insurance market to save you time and advise you on the best options to ensure your policy is affordable and provides peace of mind that the lifestyle you and your loved ones enjoy is protected. Please contact our friendly team on 0161 476 8276 or email hello@hallidays.co.uk for support.

Posted 23rd November 2017

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