As a Sole Trader in business you are by definition "on your own". There
is no one there to step into your shoes if you fall, and there is no one
there to subsidise you if you can't go into work.
It is more important for a Sole Trader than any other businessman to
ensure that he has adequate Life Assurance, Health Insurance, Critical
Illness Insurance and Medical Insurance. It's also important that he invests
sufficient money into:
- A Self Invested Personal Pension
- An Insured Personal Pension
- Or a Stakeholder Scheme
If you are thinking of setting up a business as a Sole Trader, or if you are already running a successful business and would like to look at your financial planning and learn how to save tax, please
contact us
for a more in-depth discussion.
