wheres the best pensions for freelancers?
139728
As a unit of One, you will want to consider the Indivdual K plan design. Much cheaper to administer than a full 401k. Other alternatives are SEP IRA's and SIMPLE plans. Look for a financial planner that specializes in designing qualified plans for small businesses.
534301
it depends on what pension you are going to get from your employer,i would say think hard and long before you decide weigh up all your outgoings and think if you could afford to retire on your pension alone ,i fell into that trap and now find that i cannot get any help from the dhss because i am above the threshold, they seem keen to hand money over to scroungers who have never worked in their lives and refugees who come over here with there demands to be fed and housed by us and people who think it is neccessary to keep producing children that they cannot support but that is okay but on the other hand if you have worked for 35 years and have to retire on ill health do not expect much support from the dhss, please think carefully before you decide you are better off doing a job that you hate than having the constant worry of when you will reach your limit on your credit card just to live on ,good luck, god bless.
743634
It's called a Personal Pension but the limits are stricter than the USA.  See an independent financial adviser and, if your situation warrants it, a Chartered or Certified Accountant.
1160062
Register on a freelance directory site such as elance or guru.\n\nE.D.
913499
Yes there is. I am on one at the moment. Its called a disability support pension and the commonwealth government provides it. The amount you get depends on what your circumstances are..if you live with your parents, your income etc. I get around $300.00 per fortnight. But as I said, when your considered independant you get more... around $400.00. They require you to fill in a few forms and provide a medical certificate from your doctor. Hope that helps!
683498
I agree with the longer response below.  However, you should always consult a professional when trying to find out answers to your financial future.  Asking questions like this can be valuable when trying to figure out where to go, but you should always get professional advise.  I currently have a tax sheltered annuity and am young and it fits in nicely to my portfolio.  I used a few places during my search that maybe can help you http://annuities.rezponze.com was one of them.  I filled out the forms and was contacted by someone that explained the best way to fit this into my portfolio...\nYou can also go to http://www.annuity.com and read a few articles there....
1066150
in the uk its called incapacity benefit, you claim it from the jobcentre, hope this site will give you enough info
840082
I use www.halifax.co.uk look for the Sharedealing account.\nYou can put Just £20 a month in and all purchase trades are done at £1.50 commisson only (Sales are £5).
861698
If you have been paying contributions for less than 2 years you will probably be able to get your money back.  If you've been in the scheme for 2 years or more than no.  Pension scheme rules are subject to the approval of the Inland Revenue (HMRC) and all group schemes require that contributions of 2 years or more duration have to remain in the scheme.  However, if the scheme run by your employer is a Group PERSONAL Pension Scheme (perhaps a Stakeholder Pension) then you will not be able to get your money back.  It will remain there and you'll not be able to get at it until you are 55 at the earliest.  Dig out the paper they gave you when you joined and within the small print you should find the answer (if you can't find them, ask your personnel people for a copy).  \nA couple of thoughts.  If you can possibly manage to leave it there, assuming you have the choice that is, you might have the chance to transfer the benefits to a new employer's scheme in the future and, most important of all, every pound you save towards your retirement (however far off that may seem) will help you to have a better retirement  -  you will not have any sort of decent retirement if you have to rely on the State Pension, if it exists when your time comes.  Best, take advice from an Independent Financial Adviser for all the options.
527086
well apparently your taxes will be going down if you are a pensioner. You can go to the govenrment website and look at the entire budget or you could give a government office a call and ask for the budget and they'll mail it to you, i did it and i got it already
779084
There is a pension, 401k and an IRA.
185083
I started my own businessabout six weeks ago.  It's a transcribing business and probably of no use to you whatsoever but the best thing you can do is to get in touch with the Inland Revenue's Help for Newly Self Employed people and they will send you out a starter pack.\n\nSpeaking from experience, the best ever thing I did was to start up my own business.  I still work full-time but work on my own business on an evenings and weekends.\n\nMaybe it would be an idea to gain employment first after you leave the forces to ensure guaranteed income prior to actually taking the step.\n\nBest of luck.
590057
It depends upon the terms of the plan.  Pensions are a special breed.  ERISA protects anything contributed by you and you may be entitled to some or all of what the employer has contributed.  However, pensions do not work like 401(k) plans.  Likewise the vesting rules are part of the Internal Revenue Code and not ERISA.  The rules for vesting can be as long as 10 years in some cases though that type of cliff vesting as it is called has become rare.  More common is a minimum of five years of employment for pension vesting.\n\nLikewise, if the plan is not qualified under the Internal Revenue Code, then the employer receives no tax deduction until paid, but is free to vest anyway they like.\n\nAlso, pensions I believe can restrict access to the funds until retirement.  You could receive it as a monthly check when you retire.  You could also receive now the present value of the future benefits.  It isn't likely to be much.\n\nIf you are 30 and entitled to lifetime benefits at age 65 at a rate of $100 per month, you are likely entitled to only $1075 today.  Involuntary or voluntary does not matter, unless you had died or were disabled.  Pension benefits only become valuable near retirement.\n\nERISA protects money you have paid in, the IRS code probably protects some or all of the employer contribution, but that protection does not necessarily mean you can access the funds before retirement.  Likewise, if you are married, you may be restricted from accessing the funds since pensions protect both spouses income for life.  Congress does permit spouses over 35 to waive their rights to the money.  It isn't binding on spouses under 35.\n\nThe answer is in your pension plan document.  It is the binding contract with participants and the plan trustee.  The Department of Labor people are nice and quite helpful, but they won't be able to help until you are sure they are breaking the rules.  It is unlikely that an employer would do that as the sanctions are high.  Read the document, it is a legal document but it is reasonably straight forward.  Also, HR should have provided you with all of this information at the exit process.
566477
It depends on your current experience.  I would start as the link below, if you are looking for a life or pension job:  They have a number of listings, including a list of Toronto companies with actuarial training programs.
802112
www.ft.com is a great place to start\n(btw - this is Financial Times, London)
846924
The first thing you should note is that you have an annual personal tax allowance of £5035. This means you do not pay tax on the first £5035 in any tax year. (april-april).\n\nOn the next £2151 you pay tax at a rate of 10%.\n\nBetween  £2151 and £33300 (over the allowance) you pay 22% Tax.\n\nAnything above this you pay 40% tax.\n\nThis means the higher tax band starts at £38,335 (£33,300+£5035). Any income above this will be subject to 40% income tax.\n\nTo complicate matters you pay national insurance at 11% for earnings between £97 and £645pw but this drops to 1% above £645pw.\n\nIf you are close to the higher tax band you may be able to bring yourself back below the band by paying more into your pension. There is no other legitimate way to avoid the 40% demand.\n\nAlso make sure your savings and investments are in tax efficient forms (such as ISAs). This will mean that you don't have to pay tax on your interest.\n\nNote:-\nThis assumes you are below 65 (above 65 your personal allowance increases to £7280).\n\nIncome includes all income including investments (rental income, interest, share dividends etc.) \n\nBe happy with earning a decent wage!
50532
I have heard that it is better to set up a Simplified Employee Pension, which would also reduce your taxable income.