Self-employed businesspeople claim they will “never” retire

While discussions about the rising retirement age continue, some 40 per cent of self-employed business men and women say they have no intention of retiring. 

In a survey conducted by Prudential, small business owners said they invest in their company first – and almost half of those questioned had no private pension arrangement in place.

One in five saw their business as their pension savings, but of those without formal pension funds, 29 per cent will be entirely reliant on the state pension – higher than the national figure for employed people retiring this year, which stands at 16 per cent. 

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