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Lord Palmer of Childs Hill (LD)

Speaking in the House of Lords on 23 July 2025

Debate

Pensions: Low-income and Self-employed Workers

Contribution

My Lords, the Minister is quite right to talk about the success of automatic enrolment but, as she touched on, the pension contributions of the self-employed raise alarm. Could the Government think of ways of increasing this, perhaps using the tax return process as an opportunity to get self-employed people started in pension saving? The challenge is that, whereas employees tend to have fairly stable incomes, the self-employed can have quite lumpy incomes, so it is hard for them to commit to a regular level of pension saving. Could the Government look into ways of making pension saving easier for people running their own business and the self-employed, who may find that they can pay into a pension in sporadic chunks rather than on a regular basis?

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