By independent financial advisers, Chase de Vere

Starting out in self-employment can be an exciting and empowering step — but it also comes with a unique set of financial responsibilities. Without the structure and benefits of traditional employment, it’s essential for self-employed professionals to take early action to secure their financial future.

Chase de Vere, independent financial advisers who specialise in supporting self-employed individuals, share some of the key building blocks for a strong financial foundation.

Save for the future — including a pension

Unlike employees, the self-employed don’t benefit from automatic enrolment into a pension scheme. That makes it easy to put off — but the earlier someone starts saving for retirement, the greater the potential benefits from long-term growth and tax relief.

Even small, regular contributions can build up over time. For self-employed professionals, paying into a pension is not a luxury — it’s a vital step in planning for long-term independence and security.

Build a financial safety net

With variable income and no guaranteed salary, a financial buffer is essential. An emergency fund of three to six months’ worth of essential expenses can provide vital breathing room when work slows down, a client delays payment, or unexpected events arise.

Having that cushion in place can reduce stress, improve decision-making, and help a freelancer stay focused on building their business — rather than worrying about short-term cash flow.

Protect income and dependants

Without employer-provided sick pay or benefits, protection becomes even more important. Income protection insurance can help cover essential outgoings if someone is unable to work due to illness or injury. Critical illness cover or life insurance may also be appropriate, particularly for those with mortgages or dependants.

These aren’t just nice-to-haves — they are the safety nets that ensure a business and household can continue functioning if something unexpected happens.

Join Chase de Vere at National Freelancers Day

Chase de Vere will be attending National Freelancers Day on Tuesday 17 June. At 11:30am, advisers Matt and George will be hosting a session focused on essential financial planning for the self-employed. It’s designed to give attendees practical steps they can take to build a more secure and confident financial future.

Planning ahead isn’t just about the future — it also brings greater peace of mind today. With the right support and a solid foundation, self-employed professionals can enjoy more freedom, confidence, and control over their financial journey.

Support from Chase de Vere

IPSE members can access a free initial chat with a financial adviser from Chase de Vere. The team offers tailored advice for self-employed professionals — helping them understand their options, clarify their goals, and put a realistic plan in place.

There is no obligation — just clear, practical guidance from a firm that understands the self-employed landscape.

Become a member today and book your free initial chat.

Important information

This article is for information purposes only and does not constitute individual financial advice. You should seek regulated financial advice that considers your personal circumstances before making any financial decisions.

The value of investments can fall as well as rise. You may not get back the full amount you invest.