Self-employed pensions

Learn about the various pension options available to you if you’re self-employed

Nearly 5m people in the UK are self-employed, according to the latest data from the Office for National Statistics (ONS), of which 2.27m of these are aged over 50. Deciding to go it alone can be daunting, so it’s not surprising that for many self-employed people, pensions tend to slip down the priority list. However, it’s crucial to save as much as possible for your future.

In our self-employed pensions section, we discuss the various different pension options available to you if you’re self-employed and explain how pension tax relief works, how much you can pay into your pension and more.

Self-employed pension basics

If you’re self-employed, you have a few different options to help you save for your retirement. In our guides below, you can find out how to find the best pension for your needs and what you can do to grow your savings.

Book your free pension review

If you’re considering getting professional financial advice, Unbiased is offering Rest Less members a free pension review. It’s a chance to have a qualified local advisor give an unbiased assessment of your retirement savings.

Book my free call

Self-employed pension tax relief

Although you won’t get the benefit of employer contributions if you’re self-employed, the tax breaks on offer still make pensions a great way to save.

You can read more about tax relief on self-employed pensions in our article, How pension tax relief works.

Options at retirement

There are several different ways to draw an income from your self-employed pension when you stop work, and it’s important to get to grips with the different implications of these before choosing the right option for you. You can find out more in our article Your pension options at retirement.

Get a free Pension Health Check

If you’re considering getting professional financial advice, Unbiased is offering Rest Less members a free pension review. It’s a chance to have a qualified independent financial advisor (IFA) take a look at your pension arrangements and give an unbiased assessment of your retirement savings.

The consultation is free and without obligation, but if the IFA feels you’d benefit from paid financial advice, they’ll go over how that works and the charges involved.

Free pension check by VouchedFor

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