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Suitable Pension for a child
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Ah ok so at the moment you get £90 a week from State Pension from 6x (68 for me), which is about £5k (just under).
No, you could get double that as there are 2 state pensions, the basix plus S2P (formerly SERPS).You need to get a forecast as everyone gets a different amount.Trying to keep it simple...
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S2P has been dropping in value in real terms for a long time though. Personally, I wouldnt bank on it being there. The theoretical maximum someone starting out now is about £3300. It used to be closer to double that.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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