Pension Awareness Week: Planning and advice for tradespeople

Plan ahead and save, experts tell older tradespeople

Julia Bahr
clock • 3 min read

One in eight (13%) older tradespeople (55-64) don’t have a financial plan for retirement in place, a survey of 500 UK tradespeople conducted by The Leadership Factor on behalf of IronmongeryDirect finds.

The survey results have been published in line with this year's Pension Awareness Week, which addresses the issue of how people can tackle the challenge of preparing and saving for retirement. IronmongeryDirect has partnered with Nelsons senior associate and Chartered financial planner Fabian Taylor, and Hoxton Capital Management senior wealth manager George Stainton, to advise tradespeople on how to navigate those issues. While it's recommended to begin planning for retirement as soon as possible, it's never too late to make a start, according to the experts. Taylor said: "Contributi...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

The importance of defining the roles within a SSAS

The importance of defining the roles within a SSAS

'Poor role discipline can create compliance, tax and fiduciary risk'

Caitlin Southall
clock 08 October 2026 • 4 min read
AJ Bell warns Budget could 'exacerbate' 76% pension lump sum withdrawal rate

AJ Bell warns Budget could 'exacerbate' 76% pension lump sum withdrawal rate

AJ Bell has called on chancellor John Healey to commit to a pension tax lock

clock 06 October 2026 • 2 min read
Rachel Vahey: Pension savers need stability, not another panic-fuelled tax raid

Rachel Vahey: Pension savers need stability, not another panic-fuelled tax raid

'Real-world consequences of allowing pension tax speculation to run unchecked'

Rachel Vahey
clock 05 October 2026 • 3 min read