| 25.6°C Dublin

Close

Premium

How do I continue saving into pension if I go self-employed at boss’s request?

Close

Remote working took off during Covid. Stock image.

Remote working took off during Covid. Stock image.

Remote working took off during Covid. Stock image.

Q I moved home during Covid. I was working from home at the time and didn’t really take the commute into consideration when I moved. Prior to Covid, I had been based in the office for more than ten years. There’s a big push now to get staff back into the office but the commute would be unworkable for me. My boss has said I can continue to work for him – but only if I change my work status from employee to self-employed freelancer. I’m considering taking up his offer but I’m worried about the pension end of things. Under the rules of the work pension scheme, I can’t continue to be a member of the scheme if I’m not an employee. How would I continue pension savings when self-employed? Joanna, Co Mayo

A Contracting can have some great financial and lifestyle benefits but it’s not for everyone. The benefit to your employer is clear – more flexibility in scaling up and down the workforce as demand requires without being subject to employment law; a potentially cheaper way of hiring given there is no requirement to offer company benefits; and no need to pay employer’s PRSI.


Most Watched





Privacy