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An investment trust is a public company that raises money by selling shares to investors, and then pools that money to buy and sell a wide range of shares and assets. Different investment trusts will have different aims and different mixes of investments.
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From July 2014, Individual Savings Accounts (ISAs) can now be used to hold stocks and shares or cash, or any combination of these, up to the current annual limit. An ISA is a ‘wrapper’ that can be used to help save you tax.
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Investment bonds are life insurance policies where you invest a lump sum in a variety of available funds. Some investment bonds run for a fixed term, while others have no set investment term. When you cash investment bonds in, how much you get back depends on how well – or how badly – the investment has done.
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How will you pay the bills if you were sick or injured and couldn’t work?
There is a growing unease about the economic fallout of coronavirus (COVID-19), with many businesses laying off contractors and putting staff on extended leave, as well as natural worries about contacting the disease.
What this crisis has shown is that being unable to work can quickly turn our world upside down. No one likes to think that something bad will happen to them, but if you can’t work due to a serious illness, how would you manage financially? Could you survive on savings or sick pay from work? If not, you may need some other way to keep paying the bills – and income protection insurance is an option to consider.
How secure would your family’s future be in the event that you were no longer around?
Given the current situation during this difficult and unsettling time with coronavirus (COVID-19), it’s important to think about how secure your family’s future is in the event that you were no longer around. Understandably, we would rather not think of the time when we’re no longer around, but this crisis has highlighted the importance to protect the things that really matter – like our loved ones, home and lifestyle – in case the unexpected happens.
Making an application to extend the period allowed
If coronavirus (COVID-19) has affected your company and you need more time to file your accounts, you should act before your filing deadline.
If immediately before the filing deadline it becomes apparent that accounts will not be filed on time due to your company being affected by coronavirus (COVID-19), you may make an application to extend the period allowed for filing.
Coronavirus Support for businesses who are paying sick pay to employees
The Government has brought forward legislation to allow small and medium-sized businesses and employers to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19.
Retail, Hospitality and Leisure Grant Fund
In response to the coronavirus (COVID-19) pandemic, the Government have announced support for small businesses, and businesses in the retail, hospitality and leisure sectors.
Originally announced in the Budget on 11 March, the Small Business Grants Fund (SBGF) and the Retail, Hospitality and Leisure Grant (RHLG) will be delivered by local authorities in England.
Government guarantee is to enable more ‘no’ decisions to become ‘yes’ outcomes
This is a loan scheme that has been set up to help large businesses that are struggling with cash flow due to revenues being deferred or lost due to coronavirus.
To be eligible, businesses need to have an annual turnover between £45 million and £500 million, and business activity has to be based in the UK.
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Supporting viable businesses struggling with the challenges of COVID-19
Any qualifying business that needs access to cash to pay rent, salaries, suppliers or buy stock will be able to access this government-backed scheme and support during these unprecedented times.
The Coronavirus Business Interruption Loan Scheme (CBILS) is designed to support UK-based small and medium-sized businesses, with a turnover of up to £45 million, with a viable business proposition but are struggling with the challenges of the coronavirus (COVID-19) outbreak.
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