Self-employed people have to work longer and harder if they want to receive the same retirement income as employees, says the Pensions Policy Institute.
Furthermore, they also have to ensure they have more private savings stored away. According to the PPI’s latest briefing note, entitled Pensions and the self-employed , people who were previously self-employed before retirement do have the same total income in retirement compared with those who have been employed all their lives. However, the PPI suggests this is because self-employed people work more hours per week than employees - with an average working week being 42 hours compared with 34 hours by employed people - as well as retiring around two years later than their employed cou...
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