Directors Pension, small company

[camel]

As an IT contractor I am a director in a limited company.
I'd have maybe 10000 to put into a pension per annum. Is this sum too insignificant to consider a SAP, or should I be thinking about a normal company persion (any recommendations).
Any advice? (I'm 31, have never had a pension, and am clueless).

 

[LDFerguson]

Given that the set-up costs of a SAP are typically €3,000 - €4,000 and the ongoing charges >€1,000 per year, a SAP may not be economically viable. A self-directed pension (a policy with a life assurance company e.g. Standard Life that allows you to select your own investments) may work out cheaper for smaller contributions.

But I always ask the question - are you convinced that you can select investments that will give you a greater net return than a Managed Fund? That's not a rhetorical question - it's a question I ask anyone who expresses an interest in choosing their own pension investments.

 

[camel]

Thanks LD.
Looks like I should go for a standard fund based company pension.