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Is it worth starting a s/emp pension at 59

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I am a 59 (soon to be 60) year old woman, been self employed for about 2 years and receive a small occupational pension (about 3,700 per year).

Is it worth me starting a self-employed pension scheme, and if so any idea what would be the best options to explore.

Comments

  • dunstonh
    dunstonh Posts: 119,776 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Is it worth me starting a self-employed pension scheme

    Depends on what you are trying to achieve. You need to let us know that.
    if so any idea what would be the best options to explore.

    We cant give solutions without knowing objectives. We need more to go on.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • atush
    atush Posts: 18,731 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    When will your state pension be paid? Do you have other savings and investments? Do you fill your ISAs (cash and S&S)? What is your rate of tax? When would you retire from SE work and want to draw this pension?

    there are more things to consider, but like D says we need more to go on.
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