What Self Employed People Need To Know About Pensions

The Government is said to be considering ways of extending auto-enrolment to the self-employed, but at present it is up to self-employed individuals to put their own pension plans in place.

Saving into a pension can be more difficult for self-employed people because of irregular earning patterns.

For someone in an employer pension scheme the employer might typically contribute 4% and the employee might be contributing a further 3%.  The good news is there are pensions available that can offer the flexibility self-employed people need and your contribution is topped up by income tax relief from HM Revenue & Customs.

The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.

The Financial Conduct Authority does not regulate on Auto Enrolment.

Visit these specific pages for more information on Pensions Advice and Corporate Services.

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