Use pension savings to fund start-ups

Use pension savings to fund start-ups

Older people should be allowed to fund new businesses from their pension pots without incurring a tax charge, according to the Institute of Directors (IoD). In its Age of the Older Entrepreneur report, the IoD found 16% of business leaders plan never to retire, while 53% of its members identify themselves as entrepreneurs. Pension freedoms…

Sole traders run risk of cash crisis

Sole traders run risk of cash crisis

41% of self-employed people struggle to save any money each month, leaving them exposed to financial problems. Leading insurer LV= polled 9,495 self-employed workers and found only 11% save less than £50 a month. In addition, 1 in 3 respondents said they could not survive for more than 3 months if they lost their income.…

30 hours’ free childcare available

30 hours’ free childcare available

Working parents of 3 and 4-year-olds can claim 30 hours of free childcare each week under a revamped government initiative. The scheme doubles the previous entitlement of 15 hours’ free childcare and is funded for 38 weeks, to coincide with term time. As a result, an estimated 390,000 eligible working families can save an average…