Childrens pensions

What is a Childs Pension?

• Pensions can now be started for your children. They can be set up by parents, grandparents, uncles, aunts in fact anyone. The pension can be a lump sum or regular premium investment.
  
  The taxman treats every penny paid in as though your child has paid income tax themselves. He refunds the tax which is added to their pension. This can massively boost their savings and when combined with a lifetime of stock market growth could set them up for life when they retire.