Over 50s bucking decline in freelance numbers

Tens of thousands more over 50s are now running their own businesses despite an overall decline in self-employment since 2020, according to the Association of Independent Professionals and the Self-Employed (IPSE).

Tens of thousands more over 50s are now running their own businesses despite an overall decline in self-employment since 2020, according to the Association of Independent Professionals and the Self-Employed (IPSE).

IPSE's research found that the number of self-employed business owners aged 50 and over increased to 1.1 million in 2023 – 89,000 more than in 2020.

In the same period the total solo self-employed population fell by 154,000.

Additionally, of those aged 50 and over in self-employment, as many as one in six launched their businesses within the past three years.

IPSE's Director of Policy, Andy Chamberlain, said:

'It's clear that self-employment's offer of independence and autonomy in work are particularly attractive to experienced professionals, especially if they have lost an employed role or have become disillusioned with the nine-to-five.

'Many harbour dreams of starting their own business, whether it's to pursue a lifelong dream, increase their income or find a better work-life balance.

'But the over 50s, now in the prime of their careers and with decades of experience under their belt, likely have even more confidence in their ability to make a success of it.'

Internet link: IPSE website

Call 0151 559 1704 or Request a callback

Please submit your details here and someone will be in touch to discuss your requirements.

Image Captcha
Enter the number above

© 2024 Mattocks Grindley. All rights reserved.

Mattocks Grindley is a trading name of JMG Victoria Ltd & Mattocks Grindley Ltd - Registered in England and Wales No: 10872174 & 07216289. Registered office: 18 Mulberry Avenue, Widnes, WA8 0WN.
JMG Victoria Ltd & Mattocks Grindley Ltd are registered with the Institute of Chartered Accountants.
Mattocks Grindley Ltd is registered with the Chartered Institute of Taxation as a firm of Chartered Tax Advisors.

We use cookies on this website, you can find more information about cookies here.
CTA ICAEW