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Tall
oaks from little acorns grow.
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The introduction of stakeholder
pensions on 6 April this year has, for the first time,
enabled children to have money invested on their behalf
via a pension scheme. Anyone can open a stakeholder
scheme on behalf of a child, but until the child reaches
the age of majority, their parents/guardians are legally
responsible for the fund.
| Stakeholder
features
Stakeholder pensions
opened on a child's behalf offer exactly the
same features as those run for adults.
Minimum contribution
levels are £20
In many cases payments
can be paid as and when you choose
The charging structure
is the same - 1% or less per annum of the fund
value
Money will be locked
into the scheme until the pension holder is
50 years old
Children are entitled
to tax relief on pension contributions
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If you would like to discuss
this method of investing or to look at any other options
for your children or grandchildren, please e-mail
or contact us for further information.
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The past
is not necessarily a guide to future performance.
Levels and bases of, and reliefs from, taxation
are subject to change. Tax reliefs referred
to are those currently applying and their value
depends on the circumstances of the individual
investor and fund in which the investor participates.
These investments are intended as long-term
investments. The value of units can rise as
well as fall. If you withdraw from these investments
in the early years, you may not get back the
full amount invested.
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