Pensions when you work for yourself

Work for yourself and there's no employer pension set up for you — so a pension is something you arrange yourself, usually a personal pension or a SIPP opened with a provider. It works much like a workplace one; the difference is you set it up and choose the contributions.

The tax relief

Contributions get tax relief at your marginal Income Tax rate (there's just no employer match to capture), and qualify up to your relevant earnings within the £60,000 annual allowance. How much, if any, suits you depends on your circumstances.

Speak to a regulated adviser

A regulated adviser or partner will be available here. Blooom provides information only and does not give regulated advice.

This is general information, not accounting or tax advice — an accountant or HMRC is the right source for your situation.