Consolidate Pension as a Contractor

Consolidate your pension with Contractor Honeypot

If you come to contracting later on in your career, you may already have pension schemes in place from previous employers. That’s great – but what can you do with them now?

Our experts know contractors inside-out. Contractor Honeypot can guide you through the minefield and help you get the pension you deserve.

We can help you understand:

  • How to review your current position and whether you’ll be better off consolidating existing schemes

  • Cutting the management fees associated with your pensions

  • Making pensions easier to manage when you retire

  • Getting your savings to work harder for you

The problem you face

Running several pension schemes can be costly: you’ll be paying management fees and charges on every pension scheme. Not to mention the difficulty keeping track of how much you’ve invested in all of your pots.

Speak to a Specialist

Fill out the form below and we’ll be in touch to chat with you about your requirements.


“Contractor Honeypot’s friendly staff really helped me understand my pension options, I’m so glad I did this now”

Why bother setting up a contractor pension?

Say you had £500/month surplus cash in your company.

You may think about drawing it out as additional dividend and paying it into your mortgage.

If you draw out a £500 dividend, you’re likely to incur personal tax on the dividend.

At 32.5%, you then owe £162.50 of tax.* Even though you drew out £500, you actually only contributed £337.50 towards your mortgage.


With a pension, if you contribute the £500, you get the full amount. It’s all yours.

Even better: when you pay that £500 into your pension, you also benefit from corporation tax relief on that of £95.

That means the £500 you contributed only cost your company £405. Your pension saved your company on its tax bill and netted a total benefit of over £250.

It’s a win-win.

*Based on a higher taxpayer rate of 32.5%.

Why us?


We are 100% for contractors – we’re always fighting your corner.


Knowledgeable. We’ll share industry insight on how to get the most from contracting and staying tax-efficient.

Advisor Access.

We connect you with top advisors who find the best pension deals for you.

Trusted lenders:

Other pension products

New Pensions

Starting a new pension? Find out your options as a contractor.

Contact Us


Call us

01425 524000