JOB NEWS

Daily Mirror - - JOBS -

The Sil­ver Self-Em­ployed are cash­ing in on the self­em­ploy­ment boom, earn­ing the most and work­ing fewer hours.

Ex­clu­sive re­search for Mir­ror Jobs re­veals the over-65s earn £40,000 work­ing an av­er­age 21 hours a week, com­pared to the av­er­age £33,000 self-em­ployed salary for 28 hours’ work.

Re­search of more than 5,000 self-em­ployed work­ers, by on­line ac­count­ing soft­ware firm In­tuit Quick­Books, found al­most 75% of over-65s are ei­ther the same or bet­ter off fi­nan­cially work­ing for them­selves than when they were in full-time em­ploy­ment.

And two-thirds say their life sat­is­fac­tion is bet­ter and sim­i­lar num­bers en­joy the ben­e­fit of work­ing on their own terms.

Do­minic Al­lon, Vice Pres­i­dent and Man­ag­ing Di­rec­tor, In­tuit Europe, said: “Self-em­ploy­ment is of­ten as­so­ci­ated with mil­len­ni­als or teenagers writ­ing code in their bed­rooms. But the De­fin­i­tive Study of the Self-em­ployed aims to chal­lenge our as­sump­tions.

“With big­ger sav­ings pools and a life­time of ac­quir­ing skills, com­bined with eco­nomic fac­tors such as the state pen­sion age in­crease, Sil­ver Self-Em­ployed work­ers are fast be­com­ing an eco­nomic force in the UK.”

There are some chal­lenges for the self-em­ployed. Two-fifths worry about not hav­ing enough pre­dictable in­come and a third found man­ag­ing ar­eas such as ac­count­ing, ex­penses, taxes, au­dits and com­pli­ance an is­sue.

But there are more op­por­tu­ni­ties than ever to ben­e­fit from the fi­nan­cial and life­style re­wards for those who take the brave step.

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