Financial Planning

We are happy to offer members access to specialist independent financial advice through our colleagues at Infinite Wealth Management.

Over the years they have amassed considerable expertise in helping contractors to make the most of the opportunities provided by freelancing, whilst also ensuring that you avoid the pitfalls now that you are without the safety net of a large 'employee' benefits scheme.

Contact cu@infinitewm.co.uk or call 0333 8008640 to speak to an adviser.

Pensions

The ContractorUmbrella Group Personal Pension scheme represents a very tax efficient means of transferring funds from contract and into personal hands with no tax deductions whatsoever. Income Tax, employees and employers National Insurance are all dramatically reduced as a result of asking us to make a contribution to the scheme on your behalf. The scheme is a low cost and flexible route to tax efficient investment for your retirement and the team at ContractorMoney will be happy to advise on any related pension queries that you may have (i.e. they can look at the merits of transferring old, high cost pensions and consolidating your investments within a single wrapper where appropriate). Please visit our Pensions page for more information.

Mortgages

Contractor Mortgages Made Easy (CMME) have negotiated specialist underwriting terms for ContractorUmbrella members based on your contract rate alone. This avoids the need for lenders to request income references from us, which can always be misinterpreted by unhelpful mortgage underwriters who often have a traditional bias against freelancers.

CMME fully qualified advisers have access to competitive High Street mortgage rates, require minimal deposit and can help Contractors who are literally in the first few days of their first ever contract. They can also advise on buy to let investments, overseas and commercial mortgages.

If you already own a house they can look at re-mortgaging options and aim to move you to a more competitive rate and in most cases the new lender pays towards any admin costs incurred.

CMME handle the whole mortgage process for you from start to finish and are able to offer a quick and efficient, hassle free alternative to the lottery that contractors normally face when they require a mortgage. They charge no brokers fees whatsoever for our members. For more information please visit our Mortgages page.

Mortgage and Lifestyle Protection

As a contractor you are completely exposed to the potential financial hardship that an accident or sickness represents. The day that you call your clients site to say that you're ill is the day that your income will stop.

So much of your current lifestyle is dependent on your ability to maintain an ongoing income including - mortgage/rent, car, bills. With state benefits set at ludicrously low levels and becoming ever harder to qualify for it is vital that you look at ways to protect yourself.

The advisers at Infinite Wealth Management have arranged a unique package of protection policies that is tailored specifically to the way in which you work. A tax free income can be provided from the very first day of any illness and can you an income right up until retirement if you are never able to return to work. This way your standard of living is protected from the impact of even minor illness such as the flu whilst you can also rest assured that if the illness is more serious, a substantial long term, inflation proofed level of income will be maintained. Visit our Mortgage and Lifestyle Protection page for more information.

Contact Adrian Watts or Stuart Brown on cu@infinitewm.co.uk or call 0333 800 8640.