self employed?

Ginger Finance are able to review and support sole traders through to a FTSE 100 business with thousands of employees.

Business Protection is an umbrella term;  providing a financial safety net for a broad range of scenarios.

Business Protection can help protect against:

·Loss of profits

·Cost of recruitment and training replacement 

·Covering existing loan repayments 

·Loss of vital systems and processes knowledge 

 

The protection is custom built and will depend on your unique business needs.

The key is that it ensures that your business can weather the storms and maintain its financial stability during difficult times, giving you peace of mind. 

All business protection polices are paid via the business and is a straightforward, cost-effective, and a tax-efficient way to protect your business. 

If a partner or shareholder within a business passes away or is diagnosed with a critical illness, the financial aftermath and impact of this can be vast.  

 

Without protection in place, the surviving owners could lose control of the business and it could impact its continued success.

 

A shareholder protection policy can help the remaining owners buy the affected individual’s share of the business with the payout of the policy, and ease one less stress at a time when it's needed the most.

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We understand and appreciate that when you’re self employed mortgages may seem daunting, but they don’t have to be.

 

We have access to various lenders on our panel who will assess self employed income in different ways, meaning there’s a lender out there for every situation whether you’re a sole trader, director of a company or part of a partnership. 

 

Let us cut out the jargon, and work with you to find the best mortgage for you and your situation.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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Income protection is tailored to meet yours and your business’s needs.

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Referred to as 'private sick pay', this policy can protect the self employed against the financial impact of being ill or injured and unable to work.

 

The policy will pay a monthly benefit to the business in the event of this occurring. 

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We understand that your business may want to not only protect themselves, but also a ‘key person’ to the business being absent with an illness /injury, and so this insurance can also help replace a key person, cover the loss of profits or perhaps enhance their sick pay.

This policy is paid via your business, before tax is deducted.

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HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.

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This is a policy that the self employed can take out to provide life insurance for an individual employee or themselves. 

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 It’s an alternative way for employers to provide death-in-service benefits for employees outside of a registered group life scheme, whilst providing tax efficiencies. 

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Again the policy will be paid via the business.

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HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.

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Team Ginger have chosen to work with Alex Phillips to offer Wealth advice and Pension tracing, plus all round financial planning. 

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Alex is fully qualified and vastly experienced within trading and broking and has proven an asset to the team; helping our customers plan for the future and become as tax efficient as possible.

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What is the first question asked by a Will Writer? This shocks most people as it is not financial at all, it is about who would, and indeed would not, hold custody of their children should they pass away! 

 

Aside from this our partners do try to lighten a potentially daunting conversation, and this is evident by their YOLO moto.

Chris and Sam to enable us to offer this support to clients who require Estate Planning advice, get in touch if like most people, a will is on your life admin, to do list.

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Will writing is not regulated by the Financial Conduct Authority.

This cover provide a lump sum payout if an individual were to suffer a serious illness, to enable them to provide cost of living support, adaptation of home, Private treatment or a once in a lifetime trip to help lift their mood!

 

If taken by a business to insure a Key Person, it can also be used to protect any lost profits, should this individual being away from the Business, leave a financial hole.

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