Start a pension for your child today
With the full State Pension currently £179.60 a week, this is certainly not enough on its own to provide a comfortable retirement, so why not set the wheels in motion to provide a retirement windfall for your child? Itʼs also a great way to introduce your child to the concept of long-term saving. Families thinking about how to save and invest most efficiently during 2020 shouldnʼt overlook pensions for children. Even if the full allowance isnʼt contributed, any money saved could still provide a valuable nest egg at retirement.
Please note. The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.
If you would like to know more about investing for children, please get in touch.