Pensions for the self-employed
If you are self-employed, it is especially important that you think carefully about how to provide for your retirement. You’re not included in the additional State Pension (State Second Pension) and you have no employer to provide you with an occupational scheme. If you want more than the basic State Pension, you can join a private pension scheme.
There are many private pension schemes available, but you need to get all the facts first. For example, you should ask what would happen if you couldn’t keep up payments, and if it would be better to pay in lump sums and less often.
If you want to know more about pensions for the self-employed, please see Pensions for the self-employed – Your guide (PM5). Stakeholder pensions – Your guide (PM8) and Personal pensions - your guide (PM4) will tell you more about stakeholder pensions and personal pensions.
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