Tuesday September 22, 2020

Many self-employed face poverty in retirement

Just 41 per cent are contributing to a pension fund

13th December, 2015
IBA Chief executive Ciaran Phelan

The self-employed face a significantly worse financial position in retirement than private sector employees and public sector employees, according to new research.

A survey by the Irish Brokers Association (IBA) found that just 41 per cent of self-employed people are contributing to a pension fund.

Just over one in five self-employed people are relying on preserved pension benefits from when they were employees.

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