Financial Planning 

Finding a mortgage, pension or protection product tailored to your freelancer or contractor status can be daunting so we have teamed up with several industry specialists to assist you. 

 
Mortgages 
Don’t waste time, effort and money approaching high street lenders for a mortgage only to be declined because of your Contractor status. We can put you in touch with contractor specialists who can help you secure the finance you need without any of the hassle that Freelancers normally face. 
Special income underwriting with the mortgage lenders that enables you to borrow based on an annualised multiple of your contract rate alone. 
You avoid the hassle of explaining your employment status and can secure a far greater loan than pay slips alone would warrant. 
Mortgages can be agreed within minutes of speaking to an adviser 
Unique relationships with the lenders help your competitive mortgage to be processed quickly and without fear of rejection. 
Available even if you have only been contracting for a few days and are applying with as little as a 10% deposit. 
Pensions 
If your annual turnover exceeds the VAT registration threshold (currently £85,000) you will need to register for VAT and submit quarterly VAT returns. There may be circumstances where registering early may be beneficial… 
 
A pension funded via your limited company can potentially reduce a your corporation tax bill to nothing. 
Pensions offer a tax efficient method of transferring company funds into personal hands. 
The advisers will help you choose a flexible pension to suit your working status. 
You can take payment holidays when you are out of contract and overpay when you want to. 
Your adviser will help you choose your funds based on your attitude to risk and investment goals so you pension is tailored to your needs. 
You benefit from an annual review of your pension investment to help you reach your retirement goals. 
 
Income Protection Insurance 
Moving into the freelancer and contract world can be daunting not least due to the loss of the security of permanent position. Income protection provides insurance should you become unable to work through illness or injury and is worth consideration. 
 
Maintain your income in the event that you are unable to work through illness or injury. Our partners offer income protection plans that are tailored to your needs as a Freelancer. 
Income protection cover will pay a tax free monthly income, either immediately on the very first day of illness or injury or after a pre-arranged period (e.g. 1 month). 
Unlike many other policies which will pay for a matter of months, benefits will continue to be paid until you recover or reach your chosen retirement age. 
 
 

Interested in our services? 

We'd love to hear from you! Feel free to dive straight in and book an intro call with Nicola, our Founder using the button below:- 
 
I couldn't recommend them highly enough and will continue to use them for Spiral Static and all future ventures! 
 
 
Matt Badley | Spiral Static 
 
 
 
I have found their help in modernising my accounts invaluable and would recommend them to anyone in a heartbeat. 
 
Matthew Finch | Trailer Aid Ltd 
 
 
 
The whole team at effective accounting are exceptional.  
 
 
 
Jennifer Duthie | Skribbies Ltd 
 
 
 
Nicola is one of the most adept and accessible accountants that I have ever had the pleasure of working with.  
 
 
Carter Stewart | Transworld Consulting Ltd 
 
 
Choosing Effective Accountants has been one of the best decisions we made when we started our company. 
 
 
Matthias Geeroms | OTA Insight Ltd 
 
 
 
Nicola and the team have proven to be extremely professional, efficient and always on hand to answer any questions I have (and I have a lot!).  
 
Emily Hodges | EM Hodges Ltd 
 
 
 
I find the service to be prompt, professional and friendly. 
 
 
 
Simon Weightman | Mercury TS Ltd 
 
 
 
They are quick to respond and are always ahead of the curve for us. Keep it up and thank you. 
 
 
Freda McMahon | Lobster Noodle Ltd 
 
 
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