Personal Pensions and Self-Employed Options

For those who are self-employed or looking for additional retirement savings options, personal pensions offer a flexible solution. Personal pension schemes allow individuals to contribute at their own pace and build their retirement savings independently. There are various types of personal pensions, including stakeholder pensions and self-invested personal pensions (SIPPs), each with its own level of risk and potential return. It’s essential to seek financial advice to choose the right personal pension plan.