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Freelancer Finance
Credit score to take a hit if you apply for mortgage payment deferral
Banks and building societies in the UK have agreed with regulators and HM Treasury to extend the provision of mortgage payment deferrals of up to a maximum of six months in the light of the tightened Covid-19 restrictions announced by the…
FSB calls on Chancellor to open up lender pool for ‘Excluded’ to boost business and…
Rather than excluding the newly self-employed and company directors in accessing Bounce Back loans, the government should be supporting them to keep their businesses alive, generate new business and create new jobs. This is the line of…
COVID fraud on the rise – is your bank signed up to protect you?
The government should introduce new laws to protect people from losing life-changing sums of money to bank transfer fraud after the Brexit transition period is over, consumer finance and comparison site Which? has urged.
At…
Retirement scrapped? Self-employed need to get their financial act together, according to new report
If the UK's self-employed do not start saving and investing for their retirement they will be working out their twilight days working, rather than relaxing. This is the stark reality revealed in a new report.
The proportion of…
Mortgage lenders penalise self-employed and business owners ‘on status’ regardless of…
Self-employed people can no longer borrow as much as full-time workers when they take out a mortgage with NatWest, it was reported by The Times.
The bank allows employed workers to borrow five times their salary, but has decided that…
Overclaimed a COVID grant? Get the facts or be forced to fork out penalty fees
The Institute of Chartered Accountants in England and Wales (ICAEW) has warned taxpayers that they have 90 days to notify HMRC of overclaimed coronavirus (COVID-19) grants. The Tax Faculty recommends that taxpayers who have claimed grants…
Tax-free £1K bonus for nanny employers
Parents who used the Coronavirus Job Retention Scheme (CJRS) to furlough their nanny during the pandemic will be eligible to claim the £1,000 Job Retention Bonus and will not be liable for tax, the ICAEW has reported.
The Job Retention…
COVID Bounce Back loans running on empty as CBILS deadline looms this month: how are borrowers…
Bounce Back loans, the most popular HM Treasury support measure, used by SMEs are running low, according to new findings.1
Despite the small and medium-sized businesses surveyed being aware that they can get more HM Treasury support by…
What’s it going to take to put faith back into Fintech for Freelancers?
When Germany’s Wirecard filed for insolvency following the revelation that EUR1.9 billion ($2.1 billion) of cash had gone missing from its accounts, the UK’s Financial Conduct Authority (FCA) acted fast. But some…
‘SIM’ple way to save £600 on your mobile bill
Smartphone users happy with their handset could save over £600 on their mobile bill by switching to SIM-only.
The biggest winners are iPhone 8 and Samsung S9 owners on expiring 24-month contractsThe average one-month SIM-only deal would…