{"id":730,"date":"2016-03-07T15:57:31","date_gmt":"2016-03-07T14:57:31","guid":{"rendered":"http:\/\/www.recruitment-connection.co.uk\/?p=730"},"modified":"2016-03-07T16:10:44","modified_gmt":"2016-03-07T15:10:44","slug":"pension-plan-pay-warning","status":"publish","type":"post","link":"https:\/\/www.recruitment-connection.co.uk\/index.php\/2016\/03\/pension-plan-pay-warning\/","title":{"rendered":"Pension Plan Pay Warning"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/www.recruitment-connection.co.uk\/index.php\/2016\/03\/pension-plan-pay-warning\/pensionplan\/#main\" rel=\"attachment wp-att-731\"><img loading=\"lazy\" decoding=\"async\" width=\"276\" height=\"183\" class=\"alignnone size-full wp-image-731\" src=\"http:\/\/www.recruitment-connection.co.uk\/wp-content\/uploads\/2016\/03\/PensionPlan.jpg\" alt=\"PensionPlan\" \/><\/a><\/p>\n<p>Just one in ten self-employed workers paid into a personal pension plan in 2013\/14, according to an analysis by pension firm Prudential of the most recent data made available by HM Revenue &amp; Customs (HMRC) and the Office for National Statistics.<\/p>\n<p>&nbsp;<\/p>\n<p>This is a sharp drop on the 2001\/02 figure of 34 per cent.\u00a0 In that year, 1.1m self-employed workers made pension payments and the total value of their contributions was \u00a32.5b.\u00a0 Twelve years on, only 420,000 self-employed workers were making pension payments, and the total value of contributions was only \u00a31.6b.\u00a0 This is despite the fact that the number of self-employed workers is at a record high of 4.6m, and leaves more than 4m workers without adequate arrangements for their retirement.<\/p>\n<p>&nbsp;<\/p>\n<p>A 2014 survey, also by Prudential, indicated that the main reason for failing to contribute to a pension plan is affordability.\u00a0 More than half (57 per cent) of self-employed workers either don\u2018t have enough money or put other financial priorities ahead of pensions, with 9 per cent preferring to plough any spare case back into the business.<\/p>\n<p>&nbsp;<\/p>\n<p><em>With thanks to The Voice magazine, March\/April 2016<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Just one in ten self-employed workers paid into a personal pension plan in 2013\/14, according to an analysis by pension firm Prudential of the most recent data made available by HM Revenue &amp; Customs (HMRC) and the Office for National Statistics. &nbsp; This is a sharp drop on the 2001\/02 figure of 34 per cent.\u00a0 In that year, 1.1m self-employed workers made pension payments and the total value of their contributions was \u00a32.5b.\u00a0 Twelve years on, only 420,000 self-employed workers were making pension payments, and the total value of contributions was only \u00a31.6b.\u00a0 This is despite the fact that&#8230; <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"twitterCardType":"summary","cardImageID":0,"cardImage":"","cardTitle":"","cardDesc":"","cardImageAlt":"","cardPlayer":"","cardPlayerWidth":0,"cardPlayerHeight":0,"cardPlayerStream":"","cardPlayerCodec":"","footnotes":""},"categories":[58,4,54,13],"tags":[68,60,46,92,59,33],"class_list":["post-730","post","type-post","status-publish","format-standard","hentry","category-financial-services-news","category-job","category-recruitment","category-statistics","tag-advisers","tag-employees","tag-employers","tag-financial-services-news","tag-pension","tag-survey"],"_links":{"self":[{"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=730"}],"version-history":[{"count":4,"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/730\/revisions"}],"predecessor-version":[{"id":735,"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/730\/revisions\/735"}],"wp:attachment":[{"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}