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Pension for self employed

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  • 20-08-2012 2:11pm
    #1
    jerrybn
    Registered Users Posts: 14 ✭


    Hi,

    Recently registered as self employed but still trying to get my head around a few certain things. One of them is some sort of pension/retirement fund. At the moment I don't account for something like that but obviously it's something I need to look in to. What are some good options out there for me? If I put x amount in to the fund during the year, can this be written off as a business expense?


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    #2
    srsly78
    Registered Users Posts: 7,157 ✭✭✭srsly78


    Yes the company can contribute as much as it wants to your pension.

    Note that you get tax relief on personal contributions also - this is a very big deal. When people say pensions are a "waste of money" this is the bit they are missing.

    Regarding pension providers, in my experience they all charge the same management fee - so there isn't much to choose from really.

    A good accountant/tax advisor is a must for this stuff.


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