Compare Credit Cards with CardSmart

Home » Credit Card News » Spending Money » Self-employed Brits 'need' an income protection plan

Self-employed Brits 'need' an income protection plan

Self-employed workers urged to take out an income protection policy in order to safeguard their future

More from Spending Money
11 January 2012

Self-employed Brits 'need' an income protection plan”

Bookmarks

Self-employed workers in the UK should take out an income protection policy in order to safeguard their future, according to a financial expert.

Jonathan Davis, managing director of financial planning practice Jonathan Davis Wealth Management, claimed that it is "essential" for self-employed Brits to have an income protection plan as their income is based upon them working.

He said: "If they can't work, they can't earn, so those who are self-employed have to have income protection."

Mr Davis added that life assurance policies are ideal for Brits with families who are dependent on their income to ensure their family members are financially sound in the event of their death.

He added: "So if you have a family who are dependent on your income, then yes you need life assurance. To me, it is an immediate essential. It is exactly the same as having car insurance or home insurance - you know it could happen."

Posted by Sarah Nyman

Written by ©

Credit Cards	0% Balance Transfers	0% Purchases	APR Representative (Variable)
	Tesco ClubCard Credit Card
	9 months	15 months	16.9^%
16.9% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.9% p.a(variable).
	Virgin Credit Card
	20 months	3 months	16.8^%
16.8% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.8% p.a(variable).
	Barclaycard Platinum with BT
	22 months	3 months	17.5^%
17.5% APR representative (variable). Based on a credit limit of 1200 and purchase rate 17.5% p.a(variable).
Compare More Credit Cards...

The content and information on this website are intended as general information only and shall not be construed as financial advice or recommendations of any nature in accordance with the Financial Services and Markets Act 2000 nor is it intended to address specific financial requirements. Read more... We strongly recommend that you seek independent financial advice before using and/or relying on the information made available to you or prior to purchasing any financial product/service listed on the Website. Whilst every attempt has been made to ensure that the content and information published are true, correct and up to date, no warranty, guarantee or representation is given as to its accuracy, reliability or fitness for a specific purpose.

The Best Buy credit card comparison tables feature financial products/services of our advertisers and may not necessarily constitute the best offers in the market for each of such products/services.