UK has record number of self-employed workers aged 60 or over

27 Aug 2024

The number of self-employed people aged 60 or over has reached a record of almost a million, according to analysis by Rest Less.

These numbers have increased by over a third in the past decade, totalling 991,432 self-employed people aged 60 or over in 2023.

The analysis found that while the number of self-employed workers in their 50s and older has grown since 2021, it is those in their 60s who have set the new high.

The total number of workers who are self-employed is about 4.3 million, after a two-year recovery following a sharp fall during the pandemic, according to the research.

Stuart Lewis, Chief Executive of Rest Less, said: 'With the state pension age soon to be 67 and set to go higher still, many people are choosing to work beyond the point of traditional retirement.

'For many, self-employment is a great option as it allows people to remain active and engaged in the community and workforce whilst also providing greater flexibility – leveraging their skills, experience and network to make an impact.'