Online Financial Advice for Self-Employed Professionals

Self-employed professionals throughout the UK are turning to the internet for efficient, low cost financial advice. Reliable information is important for everyone, which is why this article focuses on where to go for financial help and which resources you can rely on.

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You don’t have to be rich to get great financial advice. While many private advisors will charge you a great deal for their services, there are many free resources online that will provide you with the information you need to wisely manage your money.

Free Financial & Tax Advice

The following websites offer free financial help and debt advice:

  • HM Revenue and Customs (HMRC) is a government department that will help you understand your tax returns, allowances, and tax codes.

  • GOV.UK will help business and individuals with tax concerns if the HMRC can’t help.

  • Taxaid will assist you if you have a tax problem the HMRC can’t solve. Taxaid specialises in helping low income workers.

  • Low Incomes Tax Reform Group aims to help workers with low incomes manage their finances. Their website is especially useful for students, pensioners, and the disabled.

  • Money Advice Service is a government-backed service that provides free guidance on all money matters and may also be able to offer you financial help.

  • Tax Help for Older People helps older employees on low incomes get independent, free tax advice when they can’t afford an advisor.

If you’re seeking free financial help, consider getting additional information from charities and price comparison websites.

Free Debt Advice

If you’re worried about bankruptcy, need help managing your debts, or simply looking for impartial support for your money concerns, then the following websites can help:

  • GOV.UK Insolvency Service is your first and best resource when dealing with bankruptcy, especially if you don’t know how to get debt relief or obtain redundancy from an employer who won’t pay.

  • Advice NI offers debt advice, along with useful stories about social welfare programs in Northern Ireland.

  • Christians Against Poverty is a charity that offers free debt counselling to help you escape the financial issues you feel trapped by.

  • Debt Advice Foundation offers free, confidential support for everyone worried about loans, credit, and debt.

  • National Debtline has a four-step guide to help you deal with your debt. They also offer free advice and useful facts.

  • StepChange Debt Charity has comprehensive debt management plans and debt relief orders that will make it easier to get your finances under control.

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General Money Advice

For other financial advice, you can also consult the following resources:

  • Citizens Advice provides free, impartial support on all money-related issues.

  • Financial Conduct Authority (FCA) will help ensure that any financial advisor you deal with is regulated.

  • Money Saving Expert will give you tips on how to save money.

  • The Pensions Advisory Service will help you solve and problems or disputes you have regarding your pension. They’ll also offer you free pension advice.

  • Which requires you to have a membership before you access their services (including a money helpline and legal services), but they offer a lot of free money advice on their website.

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