42, self employed and trying to choose a pension

Scoflo

I have an old civil service pension and about 15 months of an occupational pension. I am able to put away about £80 each month now for my pension but don't know where to begin looking.

I am married and our ISAs are up to the limit.

Can anyone help?

MrMicawber_2

Scottish Widows, Standard Life, L & G, Hargreaves Lansdown, Skandia Life - to name but a few.

You need to make up your mind whether you are going to go for a SIPP, Stakeholder or Personal Pension. Pro's & Con's to all these. You probably need an IFA for some.

Scoflo

it probably won't be a SIPP as I am a coward. I am not sure if there is a benefit to stakeholder with my being self employed? I have a dim recollection of there being a benefit in some way putting a pension through company books?

Forgive me if i dreamt this.

dunstonh

SIPPs are for experienced investors. There is no point paying more in charges for features and funds that you can get cheaper in stakeholder and personal pensions (on like for like distribution channels). That is unless you are using investment options not present on those.

I am not sure if there is a benefit to stakeholder with my being self employed?

Employment status has no impact on whether PPP or SHP is best.

I have a dim recollection of there being a benefit in some way putting a pension through company books?

Not with self employment.

thebaldwindowfitter

scottishflower2000 wrote: »

not sure if there is a benefit to stakeholder with my being self employed? I have a dim recollection of there being a benefit in some way putting a pension through company books?

Forgive me if i dreamt this.

yes there is a benefit you can put upto 17% of earnings into a pension and get tax relief on the whole amount