With 94% of self-employed workers having no income protection and limited state benefits, discover how PM Independent Financial Services can secure your financial future.
94%
Have no income protection
31%
Have less than £1,000 in savings
51%
Experience irregular income
4.4M
Self-employed workers in the UK
The Growing Self-Employed Economy
The UK’s self-employed workforce represents 4.4 million people as of January 2025, making up 13.5% of the total workforce. Construction leads with 745,000 workers, followed by Professional/Scientific/Technical services at 598,000. Despite this significant economic contribution, the vast majority lack essential financial protection.
Unlike employees who have company benefits and statutory protections, the self-employed face these risks alone.
Types of Protection Available in 2025
Income Protection
Provides up to 65-70% of your income if you can’t work due to illness or injury
- Tax-free payments
- Covers mental and physical health
- Payments until you return to work or retire
- Up to £250,000 annual benefit cap
Life Insurance
Provides a lump sum to your family if you pass away
- Replaces lost income for family
- Covers mortgage and debts
- Essential for dependents
- No death-in-service benefit when self-employed
Critical Illness Cover
Lump sum payment if diagnosed with serious illness
- Covers major illnesses like cancer, heart attack, stroke
- Helps maintain lifestyle during recovery
- Can cover treatment costs
- One-time payment
How PM Independent Financial Services Can Help
Customer Focus
You’re at the heart of everything we do.
Integrity
We work openly and responsibly.
Collaboration
We work with you to achieve the best results.
Innovation
We keep pace with change to better serve your needs