Rise of over 50s self-employed


This 390-word blog post looks at new figures showing a rise in over 50s becoming self-employed, before considering some of the financial planning challenges this move creates. Written on 15th November 2019.

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Article preview: There has been a significant increase in the number of people aged over 50 who have become self-employed. Research from IPSE (the leading association for contractors, consultants, interims, freelancers and self-employed people) suggests that there are nearly 1m self-employed people aged over 50. This number represents an increase of over 68% in the last ten years. The key attractions of self-employment are considered to be control over the type of work being done, presumably focusing on what they are most skilled to do and also the kind of work that they most enjoy doing.