Meet the Other Phone. Protection built in.

Meet the Other Phone.
Protection built in.

Buy now

Please or to access all these features

Work

Chat with other users about all things related to working life on our Work forum.

setting up a pension when you’re freelance? Help!

2 replies

Aberforthsgoat · 23/06/2019 17:27

Not sure the best way to go about it. I’m currently freelance but will hopefully be having a baby early next year if all goes well so won’t be working for six months.
I have a pension from my previous office job, but it’s not a great one and I haven’t been contributing as much as I would like as I’ve been saving to cover when I’m on maternity.
DH covers most outgoings but I like to retain my independence and don’t want to leave myself in a vulnerable position for the future.
We have savings in each of our names, and a fair chunk, but I want to make sure I’m making all the smartest moves.
I’m trying to get as much work in as possible before I take a little break but I’ve been so sick I’ve barely been earning but hopefully that would change.
I’ve had a proper look at finances and am probably able to put away £100 during low earning months and about £250 on high earning months. Can I just carry on with my old one or is it better to set up a new one?
Sorry for the waffle, I’m not sleeping very well at the moment either so operating in a fog!

OP posts:
delilahbucket · 23/06/2019 20:28

You need proper advice, not that on a forum of strangers. See a financial adviser. I have a private pension as I am self employed and no access to a work based pension, but your work based pension may be cheaper to maintain and therefore better to keep.

Aberforthsgoat · 23/06/2019 21:10

Thanks @delilahbucket I am going to get booked in for one, it was more an idle wondering as I’ve been researching online so I could go with a bit of an idea of what I wanted to do. You’re right though!

OP posts:
New posts on this thread. Refresh page
Swipe left for the next trending thread