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Business Owner Jenny Blyth Worries About Insufficient Pension Savings

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Jenny Blyth,Business Owner,Pension

Jenny Blyth, a 37-year-old business owner, is concerned about her future as she struggles to save enough money for her pension. Despite running her own business since 2014, her income is unstable. To supplement her income, she has taken on a second job as an exam invigilator. However, since she will be classified as self-employed in this role, she won't receive any pension benefits. As a result, Jenny has set up a private pension with Penfold, contributing £20 per month and receiving a £5 monthly bonus. At the age of 37, she currently has £976.80 in her self-invested personal pension (SIPP).

Jenny Blyth, a 37-year-old business owner, is concerned about her future as she struggles to save enough money for her pension. Despite running her own business since 2014, her income is unstable. To supplement her income, she has taken on a second job as an exam invigilator. However, since she will be classified as self-employed in this role, she won't receive any pension benefits.

As a result, Jenny has set up a private pension with Penfold, contributing £20 per month and receiving a £5 monthly bonus. At the age of 37, she currently has £976.80 in her self-invested personal pension (SIPP)

 

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