Can I have a pension if I'm self-employed?
Yes you can! As well as being a flexible way to save, paying into a pension scheme can actually help self-employed people save on tax.
Reclaiming Self Assessment tax for your pension pot
If you’re a basic rate taxpayer, your pension provider can claim back 20% and add it to your pension pot. This means every £80 you contribute will be grossed up to a £100 contribution. Higher rate taxpayers can claim back the additional 20% through Self Assessment.
Pensions if you own a limited company
If you set up your occupational pension through your own limited company, then the contributions the company pays as your employer reduce the amount of Corporation Tax it pays.
Watch our video guide to pensions, read our short pensions article, or chat to us about our online accountancy services for self-employed people.
Pensions for Self-Employed Workers Guide
From sole traders to company directors, pensions can be a minefield when you’re self-employed. So our team has put together a useful guide!
Download our quick guide, or get in touch for help with your self-employed finances.