Why the self-employed risk being left behind in retirement

Do they understand what a pension can offer?

clock • 4 min read

Why is there a decline in pension saving among the self-employed, and how can we reverse it? Damien Bowler explores the issues

Working for yourself can be a long-held dream, but it's usually also about making a profit to provide the business owner with an income. While individuals have different requirements, business owners will one day retire and spend their time doing the things they love. However, are the self-employed at risk of being left behind when it comes to pension wealth? A recent report from the Institute for Fiscal Studies confirms that less than one in five self-employed individuals are saving into a pension. This is especially concerning given the significant growth in the self-employed sector...

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