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In this special bonus episode of The Pension Confident Podcast, we’re discussing how to manage your pension and your personal finances whether you’re self-employed, freelance or running your own business. PensionBee’s Invisible Worker research - which surveyed 1,000 British gig workers - found more than half of them can’t afford to save into a pension. Nearly 30% of them also said they wouldn’t know where to start if they did want to set one up. 

 

Join our host, Philippa Lamb as she shares helpful tips from our expert guests from the following episodes:

 

• E2: How to keep your self-employed pension on track with Emma Jones CBE and Martin Parzonka
• E17: Should you save into a pension or an ISA? With Claer Barrett, Damien Fahy, Peter Komolafe and Becky O’Connor
• E24: How to start a business with Emilie Bellet, Jinesh Vohra and Lisa Picardo

Episode breakdown:

01:11 Saving for the short-term

02:54 Balancing looking after your business and yourself

04:00 Can your business act as a retirement fund?

05:30 Keeping cash aside

06:35 Business owners and cash cushions

07:45 Making pension contributions on a varying income

08:42 Putting money in a pension vs. a cash savings account

09:30 Keeping an eye on the future

 

Further reading, listening and watching:

 

To learn more about finances and pensions for the self-employed, check out these articles, podcasts and videos from PensionBee:

 

• Episode transcript
• More than a million ‘invisible’ workers can’t afford to save for retirement (Article)
• How to start a pension when you're self-employed (Blog)
• How to retire early as a self-employed worker (Blog)
• Saving for the future as a self-employed worker (Blog)
• How to save for the future on an unpredictable income (Blog)
• 7 personal finance tips for self-employment (Blog)
• Sole trader vs limited company: how do the tax savings stack up? (Blog)
• Is there such a thing as the perfect pension for the self-employed? (Blog)
• The rise of older freelancers: overcoming ageism and embracing self-employment (Blog)
• Self-employed? How to, and why you should, DIY your pension (Blog)
• How do we reduce the self-employed pension gap? (Blog)
• What pension can I get if I'm self-employed? (Blog)
• What is a SIPP (Self-Invested Personal Pension)? (Blog)
• Private pensions for the self-employed (Blog)
• Pension contributions from your limited company (Blog)
• What happens to pensions in special circumstances? (Video)
• How to make a limited company pension contribution (Video)
• What PensionBee customers think - Rotimi’s story (Video)
• Self-employed pensions (Video)
• PensionBee’s self-employed pension (Web page)

 

Catch up on the latest news, read our transcripts or watch on YouTube:

• The Pension Confident Podcast
• The Pension Confident Podcast on YouTube

 

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