Simple guide to SIPPs for the self-employed
A Self-Invested Personal Pension (SIPP) is a popular way of saving for retirement for the self employed. Read our simple summary to find out more.
If you’re self-employed, saving for retirement is entirely your responsibility because you don’t have an employer pension scheme.
The good news is that there are flexible and tax-efficient pension options designed specifically for sole traders.
In this section we explain how self-employed pensions work, how much you can contribute, the tax relief available, and how to plan properly for retirement.