{"id":429353,"date":"2022-01-06T16:59:26","date_gmt":"2022-01-06T16:59:26","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?p=429353"},"modified":"2026-08-13T13:53:33","modified_gmt":"2026-08-13T12:53:33","slug":"pensions-for-self-employed","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/pensions\/pensions-for-self-employed","title":{"rendered":"Pensions for self-employed individuals"},"content":{"rendered":"

Choosing to be your own boss has many upsides. These include flexibility over when, where and how you work, being accountable only to yourself and the variety of working for multiple clients. But with these benefits come risk, responsibility and heaps of financial admin. One of the most important tasks on your financial checklist should be setting up a self-employed pension.<\/p>

Here\u2019s how self-employed pensions work and why the tax breaks make pensions the best way to save for retirement.<\/p>

What is a self-employed pension?<\/h3>

A self-employed pension is a private (or personal) pension<\/a> taken out by someone who is self-employed. While some pension providers may focus on self-employed people in their marketing, there are no specific pensions solely for people that work for themselves. However, self-employed people may be more likely to take out a personal pension than someone who is employed and already enrolled in a workplace pension<\/a>.<\/p>

Best pension for self-employed: Penfold<\/h4>

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Go to site<\/use><\/svg><\/a><\/center><\/div><\/div>We chose Penfold as our top pick for self-employed pensions because: