Best private pension for going self employed?

Stu6781

As the title says - my partner is moving from employment into self employment and looking to set up a private pension. Who are the major providers, and generally the most popular choice? We just need some guidance really! Thanks

kinger101

SIPPs generally offer the most flexibility in terms of available funds.

A guy on here called SnowMan built an spreadsheet outlining which is the most cost-effective platform based on how much you have invested etc.

https://forums.moneysavingexpert.com/discussion/5583030/coolly-comparing-investment-platform-charges-snowmans-spreadsheet

Brynsam

Have a look at https://www.money.co.uk/pensions/personal-pension-plans.htm?track=843693&creative=199260971896&network=s&placement=&adpos=1t1&gclid=CjwKCAjwmq3kBRB_EiwAJkNDp8uWrnb-BVwT4_5YNWTpWA1aZ_hIFQ9ywURD6yeP-TrgfuoBKScO7BoCoPoQAvD_BwE

If simplicity is the key requirement, try a stakeholder pension.

xylophone

Will he employed by his own limited company or self employed?

https://www.hl.co.uk/pensions/self-employed may be worth a read.

The above offers a SIPP - not the cheapest provider but excellent telephone service and web site.

DIY Pensions: A Simple Guide to Pensions, SIPPs and Retirement Planning
by John Edwards would be worth a read.

https://monevator.com/index-investing/

https://monevator.com/vanguard-lifestrategy/

See also https://www.cavendishonline.co.uk/pensions/ for some other pension options including stakeholder.

BLB53

If you feel ok doing things yourself then a SIPP could well be the better option and a second vote for the 'DIY Pensions' book.

If you don't want to go DIY then a stakeholder may be a simple option and also the so called Robo Advisers such as Moneyfarm or Nutmeg for example.

dunstonh

Who are the major providers, and generally the most popular choice?

Does it matter?
I wouldnt use any of the top 5 apart from one in niche cases. The better ones are usually further down the list in terms of size.

They key is getting what is right for you. Not what is right for someone else.