It's never too early...

With life expectancy continuing to increase (a newborn today can expect to live to 80), employer financing of pensions on a downward trend and the State Pension Age on the rise, today’s children face a real challenge if they are to have a long and comfortable retirement. One way that parents, grandparents and others can help is by contributing to a pension for a child. Contributions to a child’s pension attract tax relief at the basic rate – so, for every £80 contributed, the pension provider will claim an additional £20 and credit this to the child’s pension fund. With tax relief ava...