BONUS EPISODE: "As soon as I left that job, the pension stopped"
transcript
show notes
On this bonus episode, we hear from PensionBee customer Becca. Auto-enrolled into her first workplace pension, she assumed retirement saving would always just happen in the background. Then she went self-employed, and for eight years, it didn't happen at all.
We explore the self-employed pension gap with the help of pensions expert Dani Skerrett, Head of Content Marketing at PensionBee, covering everything from why Auto-Enrolment leaves millions of freelancers and sole traders behind, to the surprising cost of those years of disengagement. We also share how contributing just £30 a month can make a difference of thousands of pounds by retirement.
Episode breakdown
00:34 Meet Becca
03:30 The self-employed pension gap
06:19 What stops self-employed people saving?
09:43 The cost of disengagement
14:26 Becca's belief in teaching kids about money
Further reading and listening
To learn more about the topics discussed in this bonus episode, check out these articles and podcasts from PensionBee:
- E8: How to teach kids about money (Podcast)
- E37: The easiest way to retire with more money (Podcast)
- E40: The ADHD tax - how much is it costing you? (Podcast)
- 6 pension tips for sole traders (Blog)
- How to manage pension contributions from multiple incomes (Blog)
- Private pensions for the self-employed (Article)
- What is Making Tax Digital and how can sole traders prepare? (Blog)
- What pension can I get if I'm self-employed? (Article)
Other useful resources
- Pension Calculator (PensionBee)
- Retirement Living Standards (Pensions UK)
- Working for yourself (GOV.UK)
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