Self-employed workers miss out on £91k pension pot

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Self-employed workers are missing out on up to £91,512 over their working lives because they do not receive employer contributions through a company pension scheme.

According to analysis from Prudential, the average UK worker earns £26,664 a year, with those in a company pension scheme receiving employer contributions of £2,232 a year (8.4% of annual salary) and contributing £945 themselves (3.5%), making a total of £3,177 (11.9%) annually in pension contributions. Over the course of an average working life, the average employer contributions alone add up to £91,512 and self-employed workers, who cannot join a company pension scheme, will miss out on this substantial contribution towards their retirement funding. Prudential retirement expert Stan...

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