Unlike being employed, being your own boss and self employed means that your pension for your retirement is your responsibility nobody else’s. Have you thought about it? Do you have a plan? Are you delaying? Have you buried your head in the sand?
It can seem a daunting issue because in the early years the focus may be getting the business profitable and pension planning may seem like just something on a wish list – or future to do list – as the business may just not be making enough. It also requires some attention to seek out the expert financial advice for you. What is clear is that it’s important to think about and once you’re making a profit it’s important to start planning and saving so that all your hard work now means that you also can prepare for the later seasons of your life.
Mindful of al this I caught up with pensions specialist Paul Littlewood of Just Us Financial Services who I first met around 8 years ago during my business networking to ask him to lift the lid on pensions planning and to share some simple tips for sole traders and small business owners. Paul shares some really useful tips in this interview about what to think about, how to go about finding someone to help you, what questions to ask and how / when to make steps.
