Some ‘super contributor’ entrepreneurs putting over £300,000 into pensions

For self-employed people, the responsibility falls on them to organise their own pensions, money app Plum said (Gareth Fuller/PA) - (PA Archive)

Around 1,000 self-employed workers contributed six-figure sums into personal pension pots in the tax year 2023-24, according to HM Revenue and Customs (HMRC) figures.

Among the top 25 entrepreneurs contributing into personal pensions in 2023-24, the average sum put in over the year was £304,400, according to HMRC’s response to a freedom of information (FOI) request from money app Plum.