Nearly half the self-employed have no pension savings at all Incredibly, four out of ten plan to keep working until they drop, which is a delightful prospect. Others bank on having a flourishing business to sell when they retire, or a property to sell, so they can live off the proceeds.

That isn’t financial planning, that’s day dreaming.

The self-employed have to save harder for retirement than wage slaves, because they won’t get any pension contributions from their employer. Many will also have a highly erratic income, especially when building up their business, which makes it harder to fund regular monthly contributions.

But you can still claim tax relief on your personal pension contributions at your marginal rate. Now is the time to at least have a look at a pension. Contact Southeast Financial Services for a free review.