Since the financial crisis more and more people have chosen to set up their own business. Many of these business owners are over 50, but do not currently pay into a pension. Self-employed people are predicted to be heading towards a pension saving crisis as they cannot afford to save for their retirement. In comparison to those in employment, 43% of business owners admit they do not have a pension. Seeking professional financial advice could help you to come up with a plan for saving for your retirement.
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