self employed

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Thursday, 21 November 2024 10:12

2 in 3 self-employed Boomers hold zero pension savings

One in five workers aged 60-64 are currently self-employed

Nearly two thirds (64%) of self-employed workers between the age of 60 and 65 have zero private pension savings, according to a new think tank report.

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1 in 2 self-employed people have no pension or SIPP

Two-fifths of self-employed people – 41% – are risking an uncertain retirement because they aren’t paying into a personal pension, according to new data from investment platform CMC Invest.

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Over-50s turn to self-employment to boost retirement savings

Of those aged 50 and over in self-employment, as many as one in six (15%) launched their businesses within the past three years.

Increasing numbers of over-50s are turning to self-employment to help boost their retirement savings, according to new figures.

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