Without access to occupational pension schemes, self-employed people must take responsibility for their own retirement planning.
If you are self-employed, it’s important that you contribute to an individual pension arrangement in order to one day receive a retirement income in addition to state provision.
The first question to be answered is how much will you need in order to secure the retirement you want? We’ll guide you through the process of thinking about your goals and aspirations, working out how much your lifestyle will cost, and then identifying the gap between what you need and what you’re likely to have.
With our expert advice and support, you can focus on your requirements and then put suitable plans in place, maintaining flexibility and control as your priorities and circumstances change. While planning ahead can help you prepare for retirement, the value of pension investments can go down as well as up, so the amount available to you in retirement may be less than you invested.