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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.

Pensions for children – what you need to know

Pensions for children – what you need to know

swannfinancial.co.uk

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