Self-employment surge

Written by Chelsea Potter on 22 September 2016

There are now a record 4.8 million self-employed people in the UK as more and more people opt to go it alone.

Self-employed workers now make up over 14 percent of those in employment, with reasons ranging from having no choice due to unforeseen circumstances to a better fit with everyday life.

But being self-employed can bring its challenges.

PayPlan recently conducted some research into the attitudes and anxieties of self-employed workers and found that self-employed people under 65 years old owe on average 36.4 per cent more personal debt than those who are not self-employed.

Despite this financial risk, self-employed people today are starting out young, with the study highlighting that almost a third (32.6 per cent) decided to branch out independently before their 35th birthday.

Advice and information on issues relevant to the self- employed isn’t always readily available, so we’ve teamed up with the Federation of Small Businesses (FSB) to produce a series of helpful guides whether you are new to self-employment or been doing it for a long time.

Filed under In other news

This article was checked and deemed to be correct as at the above publication date, but please be aware that some things may have changed between then and now. So please don't rely on any of this information as a statement of fact, especially if the article was published some time ago.

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