The best pension for self employed is almost certainly going to be the one that you (or your adviser) controls.
You are self employed for a reason, or set of reasons, and after a career controlling your own destiny it’s unlikely that handing over your life savings to a large insurance company will sit well with you.
The frustrating customer service, impersonal bureaucracy, and a lack of control when you feel a change is needed, either because of a change in your circumstances or the markets are all going to jar.
But you don’t know anything about pensions, do you?
With the right independent advice you can have a clear understanding of the investments within a Self Invested Personal Pension.
While a good adviser will be firm with you if you are trying to make a change to your detriment, you will ultimately have control in those investments and therefore influence the returns you earn.
You can choose all the key variables that lead to having a successful pension: the platform, the fund managers, the investment mix, and when to change the risk profile as you near and go into retirement.
Plus having taken the self-employed, route and suffered that pain, you need to get the benefit.
There are tax advantages open to small business owners, which can allow you to ramp up your pension pot, and cut your tax bill.
