Hey, thanks for your comment. Yes, you can invest up to your total personal income each tax year into a personal pension (or as a total across all your pensions if you also have a pension from a job). Just for a bit of clarification, for a sole trader that means how much you've made in profit (after expenses), rather than your total sales, and the limit per tax year is £60,000. Although if you have a pension open last year, you could also use any remaining allowance to save even more this year (and this actually applies for the last 3 years in addition to this year). If you run a limited company, you can make contributions from your limited company without this income limit, and your limit would be £60,000 per year. I hope that makes sense. It's always best to check with your pension provider too. If you haven't opened a pension yet, we recommend checking out PensionBee if you're self-employed, it's easy to get set up and use, and you'll also get £50 added to your pension for free if you sign up here (capital at risk): www.nutsaboutmoney.com/visit/pensionbee

Hey, thanks for your question. We think interactive investor is pretty great if you're looking for a wide range of investment options and low cost overall. Once you sign up, look to make employer contributions which can be set up as payments from your limited company. There's normally a special offer with ii for pensions (such as cashback) - you can check here nutsaboutmoney.com/visit/interactive-investor/pension If you don't want to make lots of different investments, and just want a simple and easy option where the experts handle things, and while still making contributions from your limited company, check out PensionBee. You can also get £50 added to your pension for free if you sign up here: www.nutsaboutmoney.com/visit/pensionbee Happy saving!

@@nutsaboutmoney thanks, i prefer stocks so looks IB or Hargreaves for me.

Hey, thanks for your comment. If you'd like the experts to mange things for you (often this is recommended for most people), we think PensionBee is a great option, as you simply add your money (or combine old pensions), and that's it, all sorted. Don't forget the £50 for free. If you're a bit more savvy with investing, and want to make a wide range of investments, we think interactive investor has a great pension option, as the fee is a low flat fee (alongside fees in some investments and fees to buy and sell), and it's easy to use. Hope that helps!

Hey Laura, thanks for your comment. Just to clarify the fees for Hargreaves Lansdown, they are on the higher side, and it's 0.45% per year, but you are charged per month. The fees can vary depending on how much you have invested on the platform and your investments.

Thanks for the comment. Hargreaves Lansdown is a great platform, and is well established and trustworthy, but hasn't made the list on this occasion as the fees for a SIPP are on the higher side compared to the others, and it can be a bit more complicated to use. However, it could be great for you and other viewers, it all depends on how you'd like to invest, so it's worth reviewing all the platforms yourself too.

Great to hear! Preparing young really does pay off, and it's amazing to hear you can retire early. We hope your comment helps more people do the same! Thanks for sharing.

Couldn't agree more with your comments, complete and utter rob dogs,pension companies and brokers in this country are the silent theives.

I am a member of various finance retirement planning groups ie aged 50 plus......quite a few bods gave pensions and ISAs both well in excess of £1m

£300 a month for 30 years into a low cost U.K. SIPP invested in the S&P 500 will give you £1 million pension pot.

@@sid35gb The median take home salary is around £2900 a month, so I think it’s quite difficult to save £300 a month for those in this income category

@@CherryBelle-sh2jx I sure that’s quite true, many hundreds of thousands of the 50+ have built up substantial amounts. But the majority of those in this age group have much smaller pension pots.

Over 1 million people in the U.K. have a pension pot of over 1 million.

State pension needs to be included.....if you have contributed sufficiently

Hi Richard, thanks for your comment, and sorry to hear you've had a bad experience. Just to let you know, PensionBee aren't able to access your money, it's held securely with their investment partners such as HSBC, and all in your name and can only be returned to you. The partner's investment experts will invest your money based on the goals of the pension plan you selected (such as fossil fuel free investing), and this is the case with almost all pensions, whichever provider is managing your pension. In regards to PensionBee’s performance, it has been pretty great overall. And from our research and experience the BeeKeepers have been pretty punctual and are on hand to help throughout the day, via email, live chat or phone call. If you believe you have been mistreated, you might be best speaking to The Financial Ombudsman Service, it’s a free and easy-to-use service that settles complaints between consumers and businesses that provide financial services. We hope this clears things up a bit, and thanks again for your comment.

@@nutsaboutmoney is that it. PensionBee rob there customers through State Street Global every day and nothing gets done.

And why would you need a phone call unless there is a problem regarding your pension Richard?

@MatthewFarmer-mo5hs to be explain where my pension is disappearing too, and guess what they rang me, want answers tomorrow.

Thanks for the great feedback, glad it's useful. The data is from the latest numbers from the Office for National Statistics (ONS). You can find the data here: www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/datasets/pensionwealthwealthingreatbritain We'll also add it to our description.

Good point! Thanks for your comment. We’ve increased the maximum you can set for your current pension pot, and allowed you to type your own amount. Thanks again for your feedback, we really appreciate it. Have a great day! www.nutsaboutmoney.com/pensions/pension-calculator

@@nutsaboutmoney The calculator page is good, and the defaults seem reasonable, but I think everything should be done in real terms with inflation taken out of the equation - on the other hand if you have your pension invested mostly in equities you should see average growth higher than 5% even after inflation is accounted for. So maybe a checkbox for "including inflation / real-terms values" would be neat. Also you should have a projection after retirement age section even if it is just the 4% rule (include state pension too). Also need a section to add DB Pensions.

Hey @AgileSnowWeasel, thanks for all your feedback, it's super useful, and we'll look at incorporating these into the calculator. The 4% rule after retirement is incorporated into the figures currently, so if you're using the calculator you can have some confidence it will be enough income in retirement, but not as a visual projection. Thanks again.