Don’t leave your income on retirement to chance.
There are three options for the self-employed:
There are generous tax reliefs available for the self-employed when it comes to pensions. The maximum that you can contribute to maximise your tax relief is based on your “earned income” (rental income, investment income is excluded) and your age.
| Age | Limits |
| Up to 29 years | 15% of net earnings |
| 30 to 39 years | 20% of net earnings |
| 40 to 49 years | 25% of net earnings |
| 50 to 54 years | 30% of net earnings |
| 55 to 59 years | 35% of net earnings |
| 60 years plus | 40% of net earnings |
