{"id":7960,"date":"2025-07-20T08:15:07","date_gmt":"2025-07-20T08:15:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/7960\/"},"modified":"2025-07-20T08:15:07","modified_gmt":"2025-07-20T08:15:07","slug":"self-employed-urged-to-start-saving-for-retirement-amid-pension-time-bomb","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/7960\/","title":{"rendered":"Self-employed urged to start saving for retirement amid pension time bomb"},"content":{"rendered":"

THE self-employed will be urged to start saving for retirement amid the pension time bomb.<\/p>\n

Ministers are launching a commission to look at ways to help the self-employed build their pension pots<\/a>.<\/p>\n

\"An<\/a><\/p>\n

1<\/p>\n

Pensions Secretary Liz Kendall is concerned self-employed Brits aren’t saving enough<\/p>\n

Figures shared exclusively with the Sun on Sunday<\/a> show that while nearly half were saving towards a pension in the late Nineties, fewer than 20 per cent are doing so today.<\/p>\n

It means over three million self-employed workers are not saving for their retirement.<\/p>\n

Pensions<\/a> Secretary Liz Kendall<\/a> said: \u201cI\u2019m concerned that too many people \u2013 including millions of hard-working self-employed Brits \u2013 aren\u2019t saving enough.<\/p>\n

\u201cI won\u2019t sit by and let their futures hang in the balance. <\/p>\n

“We\u2019re going to tackle the looming retirement crisis and give working people the retirement they deserve.\u201d<\/p>\n

The panel will report back to the Government in 2027.<\/p>\n

The Government is currently planning some of the biggest pension reforms in decades.<\/p>\n

It earlier announced plans to\u00a0move billions of pounds of pension savings into larger “megafunds”<\/a>.<\/p>\n

The scheme is aimed at\u00a0boosting savers’ retirement pots<\/a>\u00a0as well as investment in the UK.<\/p>\n

Secretary of State for Work and Pensions Liz Kendall announces Welfare reform<\/p>\n","protected":false},"excerpt":{"rendered":"THE self-employed will be urged to start saving for retirement amid the pension time bomb. Ministers are launching…\n","protected":false},"author":2,"featured_media":7961,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,2610,186,4363,184,185,9875,9876,9040,9041],"class_list":["post-7960","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-au","tag-australia","tag-business","tag-cost-of-living","tag-finance","tag-pensions","tag-personal-finance","tag-personalfinance","tag-section-moneynews-money","tag-state-pension","tag-the-sun-newspaper","tag-the-sun-on-sunday"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/7960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=7960"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/7960\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/7961"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=7960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=7960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=7960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}