50% of entrepreneurs do not have a pension plan, Bank of Ireland survey concludes

MORE that half of Ireland’s 345,000 entrepreneurs do not have a pension plan despite the availability of generous tax reliefs, new research has found.

The study by Bank of Ireland Life found that 56% of self-employed people have no pension provision and that 81% of people working in a business with less than five employees have no pension either.

And the biggest reason cited by many Irish entrepreneurs for not having a pension was that they never got around to it.