When you were employed, pension contributions probably happen automatically. Being self-employed, those contributions disappear and it's one of the easiest things to keep pushing down the to-do list (especially as women)
Depending on your circumstances a pension can be one of the most tax-efficient ways to save for your future.
As a self-employed person getting the right advice can help make things less overwhelming and potentially make a significant difference to what you end up with.
Ask yourself: How do I want to spend my retirement and am I putting enough away for this?
Getting a mortgage when you're self-employed can feel more complicated than it was when you were employed. Lenders assess your income differently, and without the right guidance it's easy to assume you have fewer options than you actually do.
A specialist adviser who understands self-employed income can help you understand what's available to you - whether you're buying for the first time, remortgaging, moving or looking to invest.
Ask yourself: Have I actually explored what's available to me as a self-employed person, or have I assumed it's too complicated to bother?
When you're self-employed, there's no company share scheme or employer-matched savings plan. What you do with any surplus income is entirely up to you and it's easy to leave it sitting in a current account not doing very much.
Getting advice on investments isn't just for people with large sums to invest. Understanding your options – even if you're starting small – can help you make more informed decisions about what to do with money you're not immediately spending on the business.
Ask yourself: Is my money working as hard as it could be and do I actually know what my options are?
While it’s tempting to use your personal bank account for business – mixing personal and business finances can make your accounting more complicated, your tax return a lot messier and could even mean legitimate business expenses get missed or disqualified.
Having a dedicated business bank account keeps things clean, makes it easier to track income and expenses, and looks more professional to clients. There's plenty of options designed specifically for self-employed people, often with low or no monthly fees – some even offer free accounting software.
Ask yourself: Are my business and personal finances clearly separated and is my current setup making my life easier or harder come tax time?
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Contact us to be connected with our expert partners who can help you work out what, if anything, you actually need and talk you through the options.
This is for awareness and educational purposes only - it does not constitutes financial, insurance, or regulated advice. The products and protections listed are general categories – not recommendations for specific products or providers.
For advice tailored to your situation, please speak with a qualified, FCA-authorised adviser - that's exactly what our vetted partners are here for.