Self-employed people are failing to put enough money aside for their retirement, Standard Life claimed this week. The pensions provider said half of self-employed people aged 35-44 have saved less than £3,500 towards retirement. This is compared to an average of £73,000 in pensions savings for employed people of that age. “The recession has created a cohort of [...]
even i agree that except for the very few who have become really successful through self employment, others have failed to save money foe their retirement.
Its an understandable part of self-employment, for most people - by virtue of struggling we need money now rather than sacrificing some of their income for a time which seems a long way off! Not very sensible in the long term, but true nonetheless.
Self-employed fail to save for retirement
