3 reasons why a personal pension could be right for you
Planning for retirement may not be at the top of your to-do list. But here’s why we think it’s worth considering, along with some information about the Santander Personal Pension
Did you know only 17% of self-employed people in the UK pay into a personal pension each year?1 If you’re one of the 83% who hasn’t got around to it yet, we get why. You might be busy running your business day-to-day, or busy strategising about how to take your business to new heights, but either way you’re busy.
We want to help. The Santander Personal Pension is great for those who work for themselves. It’s simple to get started with as little as £20 per month, or a lump sum of £100. You can choose to add more money when you’re ready and manage it yourself online.
If you’re looking to invest or transfer £20,000 or more, we offer an advised pension service. With dedicated advisers on hand to chat with you about your retirement goals and make personalised recommendations.
3 reasons to think about a personal pension
1 . You’re in charge
Not having access to a company pension means you need to look after your own retirement plan. We make it simple to get started. You pay in what you can and choose how you want your money invested. And for every £80 you pay in, the UK government will add £20 to your account. If you pay higher or additional rate tax there are more tax benefits as well.
2. You dream about having a better or earlier retirement
No matter how much you love your business, nobody wants to work forever. With the Santander Personal Pension, you can add lump sums from as little as £100. You can also set up a regular amount from £20 per month. Both may steadily grow your overall retirement amount.
3. You can have all your retirement savings in one place
If you were employed before going out on your own, you might have a company pension or 2. You may be able to transfer these into your Santander Personal Pension. It’ll be easier and simpler to manage your income when you retire. We even remove the hassle by managing the process for you.
We hope this has given you something to think about. If you’d like more information, or to get started, you can visit our personal pension website.
As with all investments, your capital is at risk, and you may get back less than you invest. Investments should be held for the medium to long term (5+ years).
You normally can't take your pension savings until the minimum pension age has been reached. You’re free to transfer to another provider at any time.
The tax treatment of your investment depends on your individual circumstances and may be subject to change in the future.