Bread Funds: Difference between revisions
(Created page with " '''= UK version of the Dutch 'Broodfonds' Initiative, a mutualization of risk for the self-employed''' URL = http://breadfunds.uk/ =Description= "Bread Funds are a new way...") |
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Revision as of 19:49, 20 April 2016
= UK version of the Dutch 'Broodfonds' Initiative, a mutualization of risk for the self-employed
URL = http://breadfunds.uk/
Description
"Bread Funds are a new way for self-employed people and freelancers to support each other if they become unable to work.
A Bread Fund is a group of 25 to 50 people who contribute money each month into a fund which can support any of its members who become unable to work through illness or injury. It operates by members supporting each other on the basis of mutual trust.
Contributions to the fund, and payments by the fund to its members, are in the form of gifts. You can choose from different levels of contributions: the level you choose is related to the income you would like to receive if you become unable to work.
If you become unable to work, after 30 days the fund can start providing you with a modest income. This can continue for up to two years, though most people get back to work within a few months.
If you decide to leave, you can if you wish to apply for your contributions to be refunded less admin costs and any gifts made, though anyone receiving support must stay a member for at least two years in total." (http://sumac.org.uk/event/bread-fund-2/)