Money Minder UK

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Do you have a financial safety net?

In Brief: Do you have a financial safety net?

Tuesday, 21 April 2020

The amount of people self-employed, freelance or working on a contract basis is a record high in the UK. Many perhaps look to this style of employment with rose-tinted glasses, however 30% say if they were unable to work for a short amount of time they would run out of money in less than a month. The UK has an estimated 5 million self-employed workers, yet Statutory Sick Pay isn’t available to self-employed workers and 48% said they couldn’t turn to friends or family for financial support if they were unable to work. Considering your personal insurance options could be an option for you if you are self-employed, freelance or working on a contract basis. Seeking professional financial advice could help you to manage your finances more effectively.

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