The
self-employed population has grown to represent around 15% of the UK workforce, but they are not included in the framework for automatic enrolment as there is no employer to default them into a workplace pension.
Tom McPhail, of financial services firm Hargreaves Lansdown, said: "These statistics point to an impending pension crisis for the
self-employed.
But the Definitive Study of the
Self-employed aims to challenge our assumptions.
He added that he would thoroughly evaluate other proposals on how to reform the tax system for
self-employed individuals and professionals to ultimately benefit small businesses.
Self-employed people have traditionally paid lower NICS than employees because they received fewer state benefits.
The Bureau of Labor Statistics found that in 2015, 15 million people were
self-employed, accounting for 10.
Department for Work and Pensions estimates suggest 62 per cent of
self-employed men paid into a pension in the mid-1990s.
The Industries With the Most
Self-Employed Workers
Self-employed people as a percentage of U.
Our image of a
self-employed person -- often distorted by movies, television shows or novels -- is that of a successful professional, usually male, who is a consultant, works out of an office full of high-tech gadgets and spends the workday visiting clients or writing reports, followed by an evening of wining and dining.
7m
self-employed people like novelists, journalists, graphic designers, accountants, confectioners, financial advisors and online traders.
Self-employed RNs and NPs apply nursing knowledge, skill and judgement in the provision of health services to clients in a variety of roles and settings in the areas of direct care, education, research, administration or consultation.
However, after a complete review of the new federal law, the FTB has determined there is no difference between federal and state law with respect to the amount that
self-employed taxpayers may deduct for health insurance premiums, including taxpayers who are allowed the IRC Sec.
