Hello I've been running a limited company for the last couple of years with myself as the only employee. I'm thinking I ought to start looking into pensions. At the moment I don't know where to start or if it's worth it (wouldn't I end up paying twice as an employee and employer or doesn't it necessarily work like that?) Thanks for any help or advice
Opening a private pension is quite easy. You can contribute either as employer or employee but make sure the pensions company is clear which - if a contribution is classed as from the employee they will reclaim tax back from hmrc so if contributing from pre-tax funds it needs to be classed as an employer contribution.
If you are going to be actively managing your investments, reading up on financial news and chopping and changing where your investments go as markets rise and fall then get a SIPP.
You pay extra fees for the flexibility of a SIPP so if you just want to pick a combo of managed or passive funds and let those manage your money then do not pay the extra for the SIPP, get an ordinary private pension.
All the big pensions companies have a PP option. tbh there isn't much to choose between them. There is no way to predict which will perform best over the next 30 years, so just pick one.
They will be required by law to get you to declare that you are comfortable that you don't need financial advice. That's fine.