Self-employed missing out on pension savings
17th November 2020
A report by the Pensions Policy Institute has revealed that just 15% of self-employed workers are saving into a private pension scheme. The report also reveals that the average pension wealth of someone who is self-employed is £121,200 compared to £203,200 for someone who is employed. The reason for the difference is that the self-employed do not have access to an auto-enrolment pension scheme.