Guide to finances: self-employed and business owners
Managing your finances is a different ball game when you work for yourself.
Even the most financially-savvy people can end up making mistakes when they become their own boss. That’s because things like budgeting, pensions and applying for a mortgage are different when you work for yourself.
To help you keep on top of your finances, our experts have created this guide. You’ll learn:
- The smart ways to pay yourself – and the implications to be aware of
- How to tackle budgeting when your income isn’t always steady
- Why protecting yourself with insurance is so important
- Practical tips to help avoid a retirement savings crisis
- Why investing some of your profits could help you diversify and reduce risk
We wrote this guide to give you useful information about financial planning, but it's not personal advice. This is a complex area so please take advice if you’re unsure. If you choose to invest, just remember that all investments can go down as well as up in value, so you could get back less than you put in. You can’t normally access money in a pension until age 55 (57 from 2028). Pension and tax rules can change, and any benefits depend on your circumstances.