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Insider – August 2017
Sick pay valued over other benefits
Self-employed people would prefer to receive sick pay than any other statutory benefit, a study has found.
FreeAgent and The Freelancer & Contractor Services Association (FCSA) polled 900 micro-business owners and found 76% do not currently offer sick pay and other benefits such as maternity leave, holiday or redundancy pay. Attitudes towards statutory benefits varied depending on business structure, with sole traders more likely to value sick pay compared to those working through their own limited companies. Furthermore, 35% of self-employed people have no plans to fund their own retirement.
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