Child's / Grandchild's Pensions

xylophone

My wife would max that out every year.

But she couldn't access it until she was over 55 - might be stale by then....

kuratowski

Does chocolate actually go stale?  It's mostly sugar isn't it?
Disclaimer: I don't keep it long enough to find out  

SomeMadeUpName

kuratowski said:

Does chocolate actually go stale?  It's mostly sugar isn't it?
Disclaimer: I don't keep it long enough to find out  

Goes kinda wierd, dried out almost, white looking and the sugar crystallises out of it.

Or, so I've heard anyway. 

cloud_dog

LeeRex said:

Hi all,
I am unable to find any simple threads to explain the easiest and best low cost Child's Pensions...
I'm looking to start a 1 Year Old a Pension Plan, lets say I'll add £7.50 every month ( Additional Grand Parents, Parents etc may at times contribute also ). What I'm trying to find , is a plan that will not eat up minimal Deposit Contributions if they are small values, IE high Min Dealing charges/costs. Thank you

Why not just invest £X amount in an account in your name for all the kids, for the next X number of years, and then if you still wish to pit it in to a pension for the chil(ren), make lump sum contributions.

kidmugsy

Anonymous101 said:

With regards minimum contribution, you could spread the contributions to suit. So if the min. is £25 maybe contribute every 3 or 4 months?

Your quarterly contribution is a good idea, especially since banks let you set up quarterly standing orders.

sevenhills

Maybe give the money to the parents for them to invest in their pension, for the parents to pass it on, when they think the time is right?