The cost of living crisis - How Wise helps the self-employed | Wise

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The cost of living crisis – How Wise helps the self-employed

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Recent data for the UK has found that fuel and food costs have seen our Consumer Price Index (CPI) rise 9% in the last 12 months to April 2022, having a significant effect on people’s disposable income.

 

Of course, many of the individuals who are being affected by the cost of living crisis will be self-employed, running their own businesses. At Wise, we understand that being self-employed does come with its own pressures, such as not having access to a wide range of benefits and protections that come with regular employment.

 

Wise is on a mission to improve the entire self-employment industry and this is proving particularly helpful to subcontractors who are being impacted by the cost of living crisis.

How can you benefit from Wise in the current inflation climate?

If you operate as a self-employed subcontractor, Wise can help you in a number of ways:

 

  • We work with a specialist accountancy partner who are able to advise you on the best way to maximise your take-home pay.

 

  • By picking a Wise product, you will have constant access to a huge range of discounts from high-street retailers, supermarkets, coffee shops, restaurants and much more, helping you to save those extra pennies! Click here to find out more about our ‘Discounts’ feature.

 

  • If you pick the Wise Invoicing & Accountancy product, you will have ALL of your tax and invoicing stress taken care of for just £15 per week, meaning you don’t have to fork out for an expensive accountant at the end of every tax year.

 

In order to work with Wise, your main contractor needs to be operating with our system. If they’re not, don’t worry – you can refer them here and also earn £100 in the process – just to say thank you!

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