Pensions: Self-employed

(asked on 21st November 2016) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what plans the Government has put in place to support self-employed people to save into a pension; and if he will make a statement.


This question was answered on 29th November 2016

The self-employed can chose to save into pension schemes such as NEST and attract tax relief on their contributions. Further information and guidance on pension savings options can also be found through organisations like the Pensions Advisory Service and the Money Advice Service. However, the Government is aware that, while overall pension participation is rising, participation in pension schemes among the self-employed has not had a similar experience. We also recognise that self-employment is growing, and we are committed to ensuring that everyone has the opportunity to save for a secure future.

In 2017, the Government will be reviewing automatic enrolment - our key private pension reform - to ensure that it continues to work for employers and individuals. The position of the self-employed and other people who do not come within automatic enrolment deserves attention. I will be announcing the scope of the review before the end of the year.

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