Sole Trader Pension Contributions

rocka2

Hi, I am an employee in a UK company which offers an occupational pension scheme and to which I make monthly contributions. I am also a registered sole trader and pay income tax on my earnings. I want to make a pension contribution from my sole trader earnings. Is it possible to get tax relief on a contribution I make as a sole trader into a pension scheme? Also can I make this contribution into my occupational pension scheme as an AVC?

bigadaj

You can have as many pensions as you want, so it should be easy to set up a personal pension or a sipp for your contributions.

Whether you can contribute to your work scheme will depend on their rules, it may be better to set up a personal pension to gain more flexibility but there are pros and cons so find out if you can contribute to your work scheme and come back.

Is your work scheme defined benefit or defined contribution?