BONUS EPISODE: "As soon as I left that job, the pension stopped" cover art

BONUS EPISODE: "As soon as I left that job, the pension stopped"

BONUS EPISODE: "As soon as I left that job, the pension stopped"

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Summary

On this bonus episode, we hear from PensionBee customer Becca. Auto-enrolled into her first workplace pension without a second thought, she assumed retirement saving would always just happen in the background. Then she went self-employed, and for eight years, it didn't happen at all.

We explore the self-employed pension gap with the help of pensions expert Dani Skerrett, Head of Content Marketing at PensionBee, covering everything from why Auto-Enrolment leaves millions of freelancers and sole traders behind, to the surprising cost of those years of disengagement. We also share how contributing just £30 a month can make a difference of thousands of pounds by retirement.

Episode breakdown

00:34 Meet Becca

03:30 The self-employed pension gap

06:19 What stops self-employed people saving?

09:43 The cost of disengagement

14:26 Becca's belief in teaching kids about money

Further reading and listening

To learn more about the topics discussed in this bonus episode, check out these articles and podcasts from PensionBee:

  • E8: How to teach kids about money (Podcast)
  • E37: The easiest way to retire with more money (Podcast)
  • E40: The ADHD tax - how much is it costing you? (Podcast)
  • 6 pension tips for sole traders (Blog)
  • How to manage pension contributions from multiple incomes (Blog)
  • Private pensions for the self-employed (Article)
  • What is Making Tax Digital and how can sole traders prepare? (Blog)
  • What pension can I get if I'm self-employed? (Article)

Other useful resources

  • Pension Calculator (PensionBee)
  • Retirement Living Standards (Pensions UK)
  • Working for yourself (GOV.UK)

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

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

Follow PensionBee (@PensionBee) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads.


Enjoying the podcast? Tell us what you think below and give us a review or rating. As always we'd love to hear your suggestions and feedback. Send us an email: podcast@pensionbee.com.

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