Self employment pensions

[Deleted User]

Hi,
sohave just retired from nhs after 19.6 years and had a final salary pension. Too young to retire completely.
am now self employed as driving instructor.
need a good self employment pension.
have seen company called Penfold, where government also pay 25% monthly in of what you pay?
anyone have a penfold pension or recommend or not?
thanks 

Dazed_and_C0nfused

Any pension operating "relief at source" will add 25% to an eligible contribution.

So you have a huge range of providers, being self employed will almost certainly have a negligible impact on that.  Or have you read something different?

mcn99

Being self employed i finally setup my own SIPP pension 6 years ago after being charged 1.5% on every contribution i was making to an old DC pension (setup by an advisor).

It was simple to setup online and there is a huge range, personally i would not trust my money in a startup, but use one of the larger sipp companies.

Have a look at the comparison tables for charges, and their customer reviews. I wish i had setup my own pension far sooner, instead of being ripped off for years.  But it was only when i started to get close to 50, i became intrested with my pension

Marcon

If you google using terms such as 'best sipp provider' you get lots of comparison tables (e.g. https://goodmoneyguide.com/best-sipp-providers/?gclid=EAIaIQobChMIrrzPm4_08AIVJe_tCh2QagQOEAAYAiAAEgLXrvD_BwE), which might help whittle down your choices.

Albermarle

One difference between different pension providers is the number of investment choices on offer .
If you are an inexperienced investor you would probably be better off with one of the simpler offerings ? Such as 
https://www.legalandgeneral.com/investments/self-invested-personal-pension-sipp/
https://www.nutmeg.com/

Amongst others .

dunstonh

Virtually every retail pension is available for the self employed.  There hasn't been a pension type specific to the self employed since 1988.

xylophone

Or you could consider 

https://www.vanguardinvestor.co.uk/what-we-offer/personal-pension/personal-pension-account?cmpgn=PS0220UKBABSP0001EN&s_kwcid=AL!11156!3!419938358372!e!!g!!vanguard pension&gclid=EAIaIQobChMIgrOSoYmc8QIVzbHtCh1aLArNEAAYASAAEgJ3jvD_BwE&gclsrc=aw.ds