Lyndsey Roll DipFA’s Post

Starting a child’s pension is a tax-efficient way to save for their future and move money across generations. Only a parent or guardian can set up a pension for a child, but then anyone can contribute. By starting early, even small contributions to a child’s pension have time to grow, with the power of compounding. #retirementplanning #financialadvice #children #smartsaving Asit Jansari Dav Mahet Dave Goodman Tom Bates Clare Loach Joe Palmer Rob White

Starting a child’s pension is a tax-efficient way to save for their future and move money across generations. Only a parent or guardian can set up a pension for a child, but then anyone can contribute. By starting early, even small contributions to a child’s pension have time to grow, with the power of compounding. Saving for retirement might not be something you think about starting while you’re still reading bedtime stories and going to soft play centres. But opening a pension for your children can set them – and their own future family – up for financial wellbeing.

Did you know you can set up a pension for your children? Starting a child’s pension is a tax-efficient way to save for their future and move money across generations. Only a parent or guardian can set up a pension for a child, but then anyone can contribute. By starting early, even small contributions to a child’s pension have time to grow, with the power of compounding. #pensionsforchildren

Pensions for children – what you need to know Starting a child’s pension is a tax-efficient way to save for their future and move money across generations. Only a parent or guardian can set up a pension for a child, but then anyone can contribute. By starting early, even small contributions to a child’s pension have time to grow, with the power of compounding. #retirementplanning #childreninvesting #futureplanning

🌟 Pensions for Children: A Smart Move! 🌟 Did you know that starting a pension for your child can pave the way for their financial future? 🚀 Here’s what you need to know: 1.        Tax-Efficient Savings: Setting up a child’s pension early allows even small contributions to grow over time. The magic of compounding is at play! 💰 2.       Anyone Can Contribute: While only parents or guardians can initiate a child’s pension, friends, grandparents, and other family members can chip in too! 🙌 3.      Government Boost: Eligible contributions receive a 20% boost from the government, even if your child isn’t yet a taxpayer. Plus, any growth generated by the pension is tax-free until accessed in the future. 🌿 4.      Planning for the Long Run: We’re all living longer, so planning now for your family’s future can have a real impact. Your money will keep working hard for them, even after you’re gone. 🌈 Remember, a child can have a pension from birth – there’s no minimum age! So, let’s set them up for financial wellbeing. 🌟 #FinancialWellbeing #SmartInvesting #FuturePlanning https://lnkd.in/e4gxhanC

How will your child benefit from a pension? Pension contributions are not often top of a twenty-something's priorities, understandably. But saving into a pension for your child / children can ease the pressures they face as they enter adulthood. Your contributions will mean they can focus on building their career, paying off a student loan or saving for a house deposit. #financialplanning #financialwellbeing #mercianwealthmanagement #sjpinsights #retirementplanning #retirement

At a glance:- >Starting a child’s pension is a tax-efficient way to save for their future and move money across generations. >Only a parent or guardian can set up a pension for a child, but then anyone can contribute. >By starting early, even small contributions to a child’s pension have time to grow, with the power of compounding.

Pensions for children – what you need to know Starting a child’s pension is a tax-efficient way to save for their future and move money across generations. Only a parent or guardian can set up a pension for a child, but then anyone can contribute. By starting early, even small contributions to a child’s pension have time to grow, with the power of compounding. #retirementplanning #childrensinvesting #financialsecurity

https://lnkd.in/eECv_gjs Starting a child’s pension is a tax-efficient way to save for their future and move money across generations

Today is the start of pension awareness week! 🌟 This week is intended for everyone to understand the importance of pensions and the benefits of saving early. A pension is fundamentally a savings pot for retirement. Think of it as a long-term piggybank, but the money is specifically set aside for when you’re older and no longer working. On day 1 I’m focusing on securing the future for the next generation. Did you know you can set up a pension for your child or grandchild? Setting up a pension while your children are young means even small contributions have more time to grow, putting your child on the path to future financial wellbeing. 🌱 💰 #pensionawarenessweek https://lnkd.in/eetbturh