Self-employed retirement saver numbers down


The Department of Work and Pensions (DWP) has announced that the number of self employed people actively saving into a retirement pension has dropped steadily over the last ten years.

The figures come from the annual automatic enrolment report, published in February. It shows that in 2008/09 27% of business owners were saving for their retirement.

This dropped to just 15% in 2017/18.

A trial by the DWP to encourage more self-employed people to save into a pension didn’t work. The trial sent four email messages to the self employed to encourage them to save. Over 45% of recipients of those messages opened the email, but less than 10% clicked the included link.


If you’re unsure how to save for your retirement, we would suggest you speak to a Financial Advisor.

It’s highly unlikely that any State Pension will provide adequately for anyone’s retirement.

If you have no alternate plans, now could be the time to make one!

If you've found this post helpful, please share it with others…