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24, self-employed, pension?
whigfield
Posts: 28 Forumite
I really don't know much about pensions but I know I should be saving something. I'm 24, married and self-employed. My husband is in the RAF so I believe he is automatically contributing towards his pension from his wages.
We're saving for a house and have a baby on the way (but very little left to 'buy' (all the big things are purchased) besides the constants that will be monthly - food, nappies, clothes, toiletries, milk etc), but no debts. We earn around 40-45k between us. We're basically banking the majority of my wage into our house deposit monthly. We live in married quarters so our rent is very small and hoping to buy a house with as big a deposit as we can possibly save whilst living in quarters.
I was wondering whether using NEST would be a good option? It seems to allow for flexible contributions which would suit nicely for months that are a bit tighter and months where I earn a little more. (It can be very variable)
Thanks!
We're saving for a house and have a baby on the way (but very little left to 'buy' (all the big things are purchased) besides the constants that will be monthly - food, nappies, clothes, toiletries, milk etc), but no debts. We earn around 40-45k between us. We're basically banking the majority of my wage into our house deposit monthly. We live in married quarters so our rent is very small and hoping to buy a house with as big a deposit as we can possibly save whilst living in quarters.
I was wondering whether using NEST would be a good option? It seems to allow for flexible contributions which would suit nicely for months that are a bit tighter and months where I earn a little more. (It can be very variable)
Thanks!
0
Comments
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I was wondering whether using NEST would be a good option?
You are self employed. NEST is a basic option ideally suited to small employers. Not a self employed individual.
A stakeholder pension or personal pension is likely to be the best option.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.0 -
You need to look at a personal pension and choose one with some flexibility.0
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