Becoming self- employed can have many advantages such as: the flexible hours, the option to work from home, no fixed holiday allowance, and, of course, being your own boss. Disadvantages do also include, no sick pay, life insurance or pension scheme benefits, unless you arrange to put these schemes in place yourself. Making self-employment work for you is about ensuring your business is profitable and can create a long-term financial future. Since the government introduced compulsory pension auto-enrolment initiative, however being self – employed means you will have to sort out your own pension. Seeking professional financial advice could help you to manage your long-term financial future plans.
