ContractorUK Partners

ContractorUK works with a number of trusted partners to provide contractors with the services and products they require to run their business. Our partners provide contractors with accounting software, business banking, business insurance, healthcare insurance, insolvency services, contractor mortgages and more. Find out more about how our partners are helping contractors and their available offers here.


MVL Solution for Contractors


Since SFP Group set up its MVL department in 2013, they have become the number 1 provider of Members Voluntary Liquidation (MVL) solutions in the UK. Using SFP Group as your MVL provider means that contractors will benefit from experts in the field, with no hidden fees, and a tailored service with your own dedicated account manager who will be with you at every stage.

SFP Group, 5 times winner at the Business Moneyfacts Awards for Best Business Recovery Specialist, will ensure that contractors have up to 90% of their net assets returned within 7 days while also potentially being eligible for Business Asset Disposal Relief. Choosing MVL with SFP Group will allow you to save money and let you take control of your funds while closing your business.

But how do you know if you can go through MVL? Whether you have been trading for at least 2 years or your limited company is looking to close, SFP Group can help you take the right steps to liquidate your company and return your funds and assets to you hassle-free. If retirement is on the cards or you have assets of over £25,000 then you can also benefit from using SFP’s efficient service to get things closed quickly.


Mortgages for Contractors

Freelancer Financials

Freelancer Financials have been helping contractors secure mortgages since 2005. Their expertise doesn't stop at knowing which lenders will and won't accept your application. They've been instrumental in helping banks and building societies develop tailored contractor mortgage lending criteria too. They understand contract income, contractor affordability and the contractor lifestyle, and more importantly their advisors have a direct line to underwriters willing to accept a short-term contract as proof of income.

With access to all contractor-friendly mortgage lender and the ability to interpret contract income to lenders, you can borrow up to 5 times your annualised contract rate (subject to status) and can often use just your current contract, an up to date CV, 3 months' bank statements and proof of ID to secure your contractor mortgage when you use Freelancer Financials.

They have detailed knowledge of the contractor market and know how to get you the best rate available for your circumstances. Freelancer Financials provide a personal service and really get to know you, because they believe that your situation, career status and ambitions should play a part in your mortgage choice. A free, confidential chat with one of our experienced team will point you in the right direction.


Professional Indemnity Insurance for Contractors


For more than a decade Hiscox has offered specialist professional indemnity insurance to IT contractors. Their understanding of the industry enables them to provide broader protection than many standard professional indemnity policies. Hiscox also provides public liability insurance, employers’ liability insurance and cyber and data insurance plus more business insurance products which contractors may need.

Winners of the Feefo Platinum Service award, and rated 4.7/5 by customers, professional indemnity insurance from Hiscox means peace of mind for you and your clients if things don't go exactly to plan. Whatever business you’re in, you work hard to provide the best service you can and that’s what your clients expect. You may need professional indemnity insurance if you have access to client’s confidential information, or if you provide expertise, skills or advice to clients and could be challenged on your work.

Hiscox is dedicated to understanding the specific challenges IT contractors face so that they can tailor their professional indemnity policies to respond to the risks most relevant to your industry sector. They are committed to protecting your contracting business and their variety of cover options allow contractors to be prepared for any occasion. ContractorUK readers also benefit from a 15% discount on all Hiscox Business Insurance Products.


Pensions for Contractors


As a contractor, you want to be able to save your pension funds and be able to dip in and out of your pension pot. With iSIPP, you can be assured that all your retirement savings will be looked after with your account easily adapted to access if needed.

iSIPP offers contractors a compliant pension solution, putting you in control of your pension planning. SIPPS can be opened by anyone under the age of 75, highlighting the flexibility of opening a pension account with iSIPP, and the different investment options available.

iSIPP allows for flexible contribution options as well as consolidating your old pensions into one account, and with a user-friendly platform, you’ll be able to access your account 24/7 and manage finances. Tailored specifically for contractors, iSIPP know how difficult it can be to pay a fixed monthly fee so are offering flexible contribution options just for you.

Where to invest your money is a big decision, and iSIPP offers a variety of fund options while letting you gain real-time visibility into your savings through an adapted pension system. By creating your own pension portfolio with iSIPP, contractors can save their pension funds in the best way possible and allow you to take control of your finances.