How can my IPSE membership save me money?

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IPSE is here to make sure that you and your business are protected and supported as you navigate your career as a freelancer or contractor – we’ve got your back with insurance, information, and advice.

We also make sure that your voice is heard loudly where it matters but did you know that your membership can actually save you money too?

Tax investigation cover

One ever-present risk to contractors is the threat of a HMRC tax investigation. These are not only stressful, but they can also be very expensive.

Your IPSE membership, however, means that we will pick up the bill for your legal expenses and ensure that you have the best representation possible to fight your case if you are ever investigated by the Revenue. IPSE membership provides you with up to £100,000 of professional expenses insurance, more than enough to cover the typical cost of fighting a tax enquiry.

The expert representative we appoint to defend you will be a specialist in the field so, if it gets that far, we can make sure you have the best possible chance of winning in court meaning it’s far less likely you’ll be left with a large, unexpected tax bill.

Business interruption

If you’re self-employed, taking time out of work for any reason can cost you a fortune but sometimes it’s unavoidable.

IPSE membership provides you with cover so that if you have to take time out of work for things like jury duty, or if you’re ill or injured, you don’t have to worry about the loss of income. And, in the unfortunate event that a client goes out of business owing you money, we can even cover up to £10,000 of losses to your company.

IPSE Rewards and discounts from our partners

You may not have realised but your IPSE membership is your gateway to a whole host of discounts to help not just in the running of your business, but also in your day-to-day spending and for those little treats.

IPSE Rewards, provided by Perkbox, provides discounts and special offers on everything from IT equipment and travel to nights out and your weekly shop. For example, right now you can get up to 10 per cent off Apple products, up to 36 per cent off hotels through Hotelopia and 4 per cent off your shop at Sainsburys.

Our partners also provide a range of products and services at a discount to IPSE members. If you need protection for your business, Markel will give you 10 per cent off vital contractor insurance; with this offer available for professional indemnity and public and employers liability insurance. Other IPSE partners can help you get a good deal on your mortgage (CMME), help you save for your retirement (Penfold), and provide you with access to better business banking (Tide).

Supporting our campaigns

Ultimately, much of the work that we do is aimed at creating a fairer playing field for the self-employed and our campaigns and lobbying directly impacts the way you pay tax and the amount of support you get from the government. But we couldn’t do it without you. Your help and backing is crucial to our ability to make our voice heard.

If you have any questions about the benefits of your IPSE membership, please don’t hesitate to contact the membership team. We can be reached by email on [email protected], by phone on 0208 897 9970 or via our contact form.

Where can IPSE members find support?

Whether you are an experienced contractor or just starting out, your IPSE membership is a gateway to the best guidance, resources, and information to help you make your business a success.

Read more

Meet the author

Patrick Carter

Membership co-ordinator at IPSE