Self Employed, 20, what to do?

Grant Draper · #1 (**permalink**) 12-02-2008, 01:10 AM

I'm totally new to pensions and want to find out a little more.

I'm happy for people to post advice, or post links to relevant information as the mind boggles when it comes to this subject to be honest!

Interactive · #2 (**permalink**) 12-11-2008, 01:41 PM

Not a pension guru so otheres will comment on your best options, but if you have any capital at all and you have paid down your short term debts then a SIP )sel invested pension) lump sum and getting in the markets right now would be a geat idea. At 20 you have 40 years of growth and you will never (and I mean never in those next forty years) have a better time to start geting into the markets.

haribo1948 · #3 (**permalink**) 02-23-2009, 07:25 PM

your only twenty earn some more then think of pensions!

James2584 · #4 (**permalink**) 03-02-2009, 10:22 PM

Hi

Best thing for you is to set up a stakeholder pension. Interactive suggested a SIPP which is fine, but they are ideal for people with a good knowledge of the markets and who can afford higher annual charges. Stakeholders are simple, cheap and tax efficient.