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04 March 2013 09:48
Working pensioners are more likely to be self-employed than the rest of the working population
Self-employment is much more common among working pensioners than the rest of the population, new research has revealed. Almost one in three working pensioners are self-employed while the same is true for just 13.5% of the rest of the working population, data from the Office for National Statistics (ONS) showed.
And for the first time ever, the statistics revealed that a higher proportion of male (12.2%) than female (11.6%) pensioners undertake paid work. The ONS also suggested that working male pensioners tend to be in more senior roles than female pensioners and the respective types of job also tend to differ. While men are said to be typically in professional occupations, skilled trades or positions such as managers, directors and senior officials, the most common jobs for women were elementary occupations, such as cleaners, administrative positions and work within the professional occupations.
There may be myriad reasons for self-employment being significantly more common among pensioners as a whole than the rest of the population. But whatever the underlying factors, perhaps self-employment gives pensioners that much-needed flexibility when it comes to meeting family commitments or taking holidays - which means they can make optimum use of their seniors'
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World First is a trading name of Rothwell & Towler (2013) Ltd and is an appointed representative of Crispin Speers & Partners Ltd who are authorised and regulated by the Financial Conduct Authority, FCA register number 311507. Travel insurance premiums and availability of cover may vary depending on individual circumstances. If you are a consumer insured (i.e. a person buying insurance wholly or mainly for personal purposes unrelated to your employment), you have a duty to take reasonable care to answer questions fully and accurately, and that any information you volunteer is not misleading. This duty exists before the cover is placed, when renewed, or altered at any time throughout the duration of the policy. If you do not do so, your Insurer may be able to void your policy from inception. Rothwell & Towler (2013) Ltd, Registered in England No. 08294942. Registered Office: St Clare House, 30-33 Minories, London EC3N 1PE.
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