Make your financial dreams a reality

Use our Financial Planning service to understand actions you can take to achieve your financial goals

Pay less tax

Using legitimate tax planning and business development strategies we can help you pay less tax.

Simple, cost effective accountancy

Xero online accounts, designed with small businesses in mind. It’s simple, secure and all for a monthly fixed fee.
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Keep YOUR money in the family

Protect your family wealth with simple estate planning strategies.
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Protecting Your Income

Have you ever thought what would happen if you were unable to work for a prolonged period of time. The problem is that life insurance only pays out on death. If you have not contracted a critical illness then your critical illness cover will not pay out (assuming you have some). Also you are not there to run your business or do your job and you still need an income to support your family.

The answer is Income Protection Insurance. This will pay an income (typically 50% of your annual earnings) for as long as needed (typically up to age 65) after a deferred period (of typically 3 months).

Who benefits from income protection?

Anyone in business with personal commitments will benefit from this type of cover.
After life insurance, this is possibly the most important insurance for the self employed.
Income protection is ideal for people wishing to insure their income for a low monthly premium.

How it works

The premium is a function of a number of variables. These include:

  • Number of years of cover
  • Whether premiums are guaranteed to the end of the term or reviewed every 5 years
  • The deferred period between being ill and actually claiming
  • Medical underwriting of the applicant
For more information call 0121 704 1354.

Parker Chartered Accountants and Financial Advisors is the trading name for PLW Advisors Ltd (Registered No. 10396831), and Parker Financial Planning LLP (Registered No. OC347027). Parker Financial Planning LLP is authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales – registered office contact details here