Ashley - Entering & Re-Entering the Workplace
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Moments
Growing Up, Studying & Re-Qualifying
Entering & Re- Entering the Workplace
Relationships: Making Up & Breaking Up
Parenthood & Becoming a Carer
Later Life, Planning & Entering Retirement
Ill-Health, Infirmity & Dying
Perils
Financial Capability Imperative
Pay Gap
Shared Living & Cohabitation Pitfall
Parenthood & Caring Penalty
Flexible Working Sacrifice
Wellness Threat
Divorce & Separation Setback
Abuse Danger
Pension Deficit
Financial Wellbeing
Longevity Trap
Graduation Gap
Skills & Qualification Gap
Ashley - Entering & Re-Entering the Workplace
Ashley is thinking about his career and how to achieve a good work-life alongside financial security.
The world of work is changing at pace - 50% of all employees will need reskilling by 2025.*
Before making big career decisions - such as setting up his own business - Ashley might want to consider how much time and money he will need to invest in his skills, and who will bear these costs?
Self employment has increased by over 50% since 2000, mostly people working for themselves or running their own business.*
Just 18% of self-employed people contributed to a private pension in 2018, down from 48% in 1998.* This contrasts to over 80% of employed people who are eligible contributing to a workplace pension.
When weighing up the financial consequences of his choices and a potential change in employment status it makes sense for Ashley to consider pension planning and rights to pensions. This way he can develop a career, financial and pensions plan.