Answered by Andrew Jenkinson
You can claim tax relief on your pension contributions in the same way you would if you were an employee. Your pension provider claims back basic rate tax on your behalf, and you can claim back any further tax relief through your self-assessment tax return.
For more on how much tax relief you’ll receive on your pension contributions, use our Pension Contribution Tax Relief Calculator here →
If you don’t make your own pension provision, then you will only generally qualify for the State Pension. For most people, this will not provide an adequate income in retirement.
To discuss your options further please feel free to contact us to speak with a qualified pensions adviser who can provide you with the necessary financial advice.
In additional to not having an employer providing you with a pension, those who are self-employed do not receive sick pay and therefore often find it useful to arrange an income protection policy.
Frequently Asked Pensions Advice Questions
I would like to say thank you to Ciaran King for his professionalism, respect and sensitivity with dealing with my income protection insurance.
Was extremely impressed with the service we received from Michael. He was so helpful with good advice and saved us money. The policy was set up and running with in a couple of days. Would definitely recommend to friends. Thank you.
Sam Carr was very knowledgeable, efficient, called when he said he would and kept me updated through out the process.