Business Details
15 Years
experience
Trusted Financial Advisers for Contractors & Freelancers
Founded in 2011, Broadbench has established itself as a trusted provider of specialist financial advice for independent professionals, including contractors, freelancers, and business owners. Our expertise spans mortgage solutions, business protection, and personal insurance products tailored to non-traditional income structures. With a team of experienced advisers, we pride ourselves on translating complex financial needs into accessible, tax-efficient solutions. Our commitment to client-centric service is reflected in our 5-star Trustpilot rating and ongoing support beyond initial transactions.We leverage relationships with niche lenders and insurers to secure options that mainstream providers often overlook. Our regulatory oversight by the Financial Conduct Authority (no. 590288) underscores our adherence to rigorous industry standards. Through personalized guidance, we help clients protect their income, businesses, and families while navigating the unique challenges of self-employment.
Services
Business Protection
Life Insurance
Mortgage Advice
Income Protection
Private Healthcare
Critical Illness Cover
Inheritance Tax Planning
Shareholder Protection
Buy to Let Mortgages
Relevant Life Insurance
Details
- Year established: 2011
Highlights and features
- Specialist mortgage advice for contractors inside/outside IR35
- Tax-efficient protection solutions for limited company directors
- Personalised service with 5-star Trustpilot reputation
- Direct access to niche lenders unavailable on high street
- Ongoing policy reviews to maintain relevance with life changes
Associations and certifications
- Financial Conduct Authority
What people say
5-star Trustpilot reputation
Exceptional service throughout
Helped me find the right product
Saved significant money
Seamless complex process
Services
Relevant Life Insurance
Relevant life insurance provides tax-efficient death-in-service benefits for company directors and contractors. Premiums paid by the business offer corporation tax relief while protecting family finances. The policy pays a tax-free lump sum to beneficiaries without affecting personal allowances or pension entitlements.
Key Person Insurance
Key person insurance protects businesses against financial loss from the death or critical illness of essential personnel. The payout helps cover recruitment costs, lost revenue, and operational continuity during transitional periods. Policies are tailored to the individual's value to the organisation.
Executive Income Protection
Executive income protection replaces lost earnings for business owners unable to work due to illness or injury. Company-funded policies provide tax-deductible premium payments with benefits paid directly to the business for onward employee support.
Contractor Mortgages
Specialist mortgage advice for contractors and self-employed professionals. We access lenders that assess annualised contract rates rather than traditional income metrics. Services include first-time buyer support, remortgaging, and buy-to-let financing solutions.
Inheritance Tax Planning
Inheritance tax planning services help protect family wealth through strategic use of life insurance trusts and tax-efficient investment structures. We advise on reducing 40% IHT liabilities while maintaining control over asset distribution.
People
Tom Hitchcock
Director
Founded Broadbench in 2011 after careers as mortgage advisor, firefighter, and small business mentor. Specialises in contractor financial solutions with practical experience in IR35-compliant protection strategies.
Michael Cooke
Business Development Adviser
Joined Broadbench in 2013, focusing on tax-efficient protection for entrepreneurs. Previously trained as chef on QE2, bringing creative problem-solving to director-level financial planning.
Jordan Tomlinson
Mortgage Adviser
Qualified CeMap adviser with expertise in contractor mortgages. Specialises in helping self-employed professionals navigate complex lending criteria to secure competitive home loan terms.
Questions
Why do contractors need specialist financial advice?
Contractors face unique challenges with non-traditional income structures. We access lenders and insurers that understand day rates, dividends, and IR35 complexities to secure appropriate financial products.
How does Relevant Life Insurance benefit limited company directors?
Relevant Life Insurance allows tax-deductible premium payments through your business while providing tax-free death benefits to beneficiaries, offering both protection and corporation tax savings.
What mortgage options exist for new contractors?
Lenders consider your contract value and industry experience. With proper documentation, new contractors can secure mortgages based on projected annual earnings rather than PAYE payslips.
Is business protection tax-deductible?
Premiums for business-related protection policies like Key Person Insurance are typically tax-deductible as allowable business expenses against corporation tax.
How do I choose between term and whole of life insurance?
Term insurance suits specific liability periods like mortgages, while whole of life provides lifelong coverage with guaranteed payouts for inheritance tax planning purposes.
Videos
