[aioseo_breadcrumbs]
Self-Employed Savings
& Tax Planning
Create a practical savings plan for tax, changing income and future financial goals with clear, no-fee advice.
30+ Years’ Experience
Nationwide Service
Planning for tax is part of planning for peace of mind
Working for yourself can bring greater flexibility, but it can also make your income less predictable.
You may need to plan for income tax, preliminary tax, VAT, quieter periods, business costs and personal commitments at the same time.
At Covermore, we help self-employed professionals, sole traders and business owners create practical savings goals that support both tax planning and wider financial security.
Our goal is to help you build a clearer financial buffer, so future tax bills and changing income do not create unnecessary pressure.
Thank you,
Raphael Ihuoma.
I highly recommend Nigel and Covermore Insurance to anyone looking for reliable coverage and top-tier customer service.
What really stood out was the level of care and dedication he showed nothing was too much trouble, every question was answered promptly, and we always felt completely supported. It’s rare to come across someone so knowledgeable and genuinely committed to getting the best result for their clients.
Thanks to Barry, what could have been a stressful process was handled smoothly and with total confidence. We can’t recommend Covermore highly enough.
We had a fantastic experience with Covermore Financial, and especially with Eric. From start to finish, the mortgage process was smooth and well-handled. Eric’s professionalism, knowledge, and guidance made everything so much easier for us. He truly went above and beyond.
We are delighted with our new home and very grateful for the excellent support we received. Couldn’t recommend Covermore Financial enough!
Emilia was incredibly knowledgeable, patient, and supportive. She took the time to understand my needs and guided me through the mortgage process with clarity and confidence Her professionalism and attention to detail made the entire experience smooth and stress-free.
I wholeheartedly recommend Emilia and the team at Covermore Financial to anyone seeking reliable and expert financial or mortgage services. They go above and beyond for their clients, and I couldn’t be happier with the outcome.
What self-employed savings can help you prepare for
Income tax and preliminary tax
A regular savings plan can help you set money aside throughout the year, rather than facing a large tax bill without preparation.
VAT and business commitments
If VAT or other business-related payments apply to you, separate savings can help you keep those funds distinct from your day-to-day spending.
Quieter periods in business
Self-employed income can rise and fall. A stronger savings buffer can help provide more flexibility during slower months or unexpected gaps in work.
Emergency costs
A financial safety buffer can help you manage unexpected personal or business costs without immediately relying on borrowing.
Personal financial goals
Saving for tax does not mean your other goals need to stop.
No-fee financial advice.
30+ Years of Experience.
Long-term support.
Clear guidance.
What to consider before creating a self-employed savings plan
A self-employed savings plan can help you prepare for tax payments, quieter periods and future goals.
It is important to consider how your income varies, your expected tax liabilities, regular outgoings, emergency savings and any personal or business plans ahead.
We help you understand your options clearly and create a savings approach that suits your circumstances.
Your expected tax commitments
Your likely tax position will depend on your income, business structure, expenses and other circumstances.
Your accountant can help confirm your tax obligations, while we can help you build a practical savings plan around them.
Your income pattern
If your income changes from month to month, it can be useful to create a savings approach that works during stronger and quieter periods.
Your personal and business costs
It is important to consider rent or mortgage payments, household bills, business expenses, insurance, pension contributions and other regular commitments.
Your access to savings
Tax money should be easy to identify and available when you need it.
Keeping separate savings goals can help make it clearer what money is for tax, emergencies and future plans.
How Covermore helps self employed clients create savings goals
At Covermore, we believe good advice starts with a proper conversation. We take the time to understand your life, your concerns, your goals and what you already have in place.
Then we help you identify what may need attention now, what can wait, and what your next smart financial decision should be.
Financial planning should not feel intimidating.
Understand your current position
We start with a conversation about your income, business structure, regular commitments, existing savings, tax planning and future goals.
Help you separate financial priorities
We help you consider different savings goals for tax, emergencies, personal plans and longer-term financial security.
Create a realistic savings approach
We help you identify a savings amount or approach that feels manageable around your income pattern and wider commitments.
Look at the bigger financial picture
Your savings plan may need to work alongside income protection, life cover, pensions, investments and business planning.
We have partnered up with Ireland’s leading Life Insurance providers & Mortgage lenders
Advice based on your situation
Investment property planning should reflect your finances, borrowing capacity, rental expectations and long-term goals.
We take the time to understand your circumstances, explain the options clearly and help you make informed decisions about your next steps.
I regularly struggle to prepare for tax bills
We can help you create a clearer savings goal that helps you build funds gradually throughout the year.
My income changes from month to month
We can help you consider a flexible approach that allows you to save more during stronger months while maintaining a realistic plan overall.
I am a sole trader
We can help you think about tax savings, emergency funds, pension planning, protection and wider personal financial goals.
I run a limited company
We can help you consider personal and business financial planning alongside your accountant or other professional advisers where appropriate.
I have no emergency savings
We can help you create a practical plan to begin building a financial buffer around your tax and household commitments
I want to save for tax and my future
We can help you balance short-term tax preparation with pensions, savings goals, investments and longer-term planning.
What to prepare before speaking to an advisor
It can be useful to have a general understanding of:
Your self-employed income and typical monthly earnings
Your regular personal and business outgoings
Your expected tax and VAT commitments, where relevant
Any existing savings or tax funds
Your mortgage, rent, loans and other financial commitments
Your pension, protection and wider financial arrangements
Do not worry if you do not have every detail ready. We can help you understand what information may be needed.
Build more confidence around your income and tax planning
Hidden
Do Covermore charge a fee for financial advice?
Covermore provides no-fee financial advice consultations. We will explain how the process works clearly before you make any decision.
Do I need to know what service I need before contacting you?
No. Many clients come to us because they are not sure what they need. We can help you understand whether your next step relates to your mortgage, protection, pension, savings, investments or wider financial planning.
Can Covermore help if I already have policies or pensions in place?
Yes. We can review what you already have and help you understand whether it still suits your life, goals and current circumstances.
Do you only work with clients in Dublin?
Covermore is based in Dublin, but we work with clients nationwide.
Can you help business owners and company directors?
Yes. We work with business owners, sole traders, partnerships and company directors on pensions, protection, savings, investment planning and broader financial advice.