Self-employment and Retirement

Research output: Book/ReportCommissioned report


This research study was undertaken against the background of growing policy interest in pension provision over a number of years, the appointment of the Pensions Commission in 2002, and the subsequent publication of a government White Paper on pensions in 2006 ('Security in retirement: towards a new pensions system', Department for Work and Pensions, May 2006). One of the main conclusions of the Commission was that there are large numbers of people in the United Kingdom (UK) who are heading towards inadequate incomes in retirement and that these are concentrated among certain groups, including the self-employed of whom there are approximately three million in the UK (two- thirds of whom are over 40 years old). Although there is some evidence about financial planning for retirement and working beyond State Pension age for self-employed people, we do not have a clear understanding of how they make decisions about retirement nor about how self-employment can play a part in extending people's working lives. The aims of the study were, therefore to explore how self-employed people plan financially for retirement, and what influences their decisions, and to gain information about ways in which self-employment may offer flexibility to extend working lives. The study also aimed to shed light on how self-employment differs from employment in the barriers and incentives the self-employed face in saving for retirement.
Original languageEnglish
Place of PublicationLeeds
PublisherCorporate Document Services
Volumevol. 395
Publication statusPublished - 2006

Publication series

NameDepartment for Work and Pensions Research Report


  • employment/benefits

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