alkristensen

Are there any pension plans for the self employed, and are they any good?

All ive read on this forum is about superannuation which gets paid by your employer.

I fully intend to be self employed so what do i do there?

Is it just a normal pension plan you pay into and is it worth it in the long run or at least versus investing in an extra property.

any help/advice appreciated

btw happy xmas
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al

wintersgills

your better of being ltd drawing a wage and your company pays the superannuation and you pay less tax :scared:

alkristensen

Thakyou. Do you need to be more than one person in the business to be classed as a ltd company?

thanks

al

Alan Collett

Al,

I recommend having a chat with a financial planner - the Aussie superannuation fund environment is different to that which applies to UK pension arrangements. In short, the place where your Aussie super funds are invested can be the same, irrespective of whether or not you are self employed, or your employer is making contributions under the superannuation guarantee.

However, if you make the contributions you will be able to claim a tax deduction (up to a ceiling on the amount contributed).

Feel able to email me or to send me a PM if you'd like the name and number of a financial planner ...

Best regards.

alkristensen

thanks alot, it makes no sense to me yet.

it will when im there. i just need to know what to do at this end(uk)

do i need to keep up my national insurance payments here even when im in australia or still

do i have to tell anyone im leaving the country and will it affect anything(except mayber a tax rebate) if i dont

thanks again

alan (remember im a barber so use english please not jargon) lol

Alan Collett

Alan,

If you can send me an email I can send some information about how I might advise you.

Best regards.

alkristensen

have done thanks

Alan Collett

You have mail!

Best regards.