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Inheritance advice - £350k
Comments
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I would consider opening JSIPPs for your children. Put the full allowance (just less than 3k) each in for a couple of years and then just leave it to compound.0
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There’s no such thing as a Junior SIPP.Viking_mfw said:I would consider opening JSIPPs for your children. Put the full allowance (just less than 3k) each in for a couple of years and then just leave it to compound.I am an Independent Financial Adviser (IFA). Any posts on here are for information and discussion purposes only and should not be seen as financial advice.1 -
True. But it seems to be a commonly used marketing phrase. Which means some people think it is a thing.wjr4 said:
There’s no such thing as a Junior SIPP.Viking_mfw said:I would consider opening JSIPPs for your children. Put the full allowance (just less than 3k) each in for a couple of years and then just leave it to compound.
https://www.ajbell.co.uk/pensions/junior-sipp
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Whatever it is called the main issue is that the child can not access the money for 40 or 50 years.Dazed_and_C0nfused said:
True. But it seems to be a commonly used marketing phrase. Which means some people think it is a thing.wjr4 said:
There’s no such thing as a Junior SIPP.Viking_mfw said:I would consider opening JSIPPs for your children. Put the full allowance (just less than 3k) each in for a couple of years and then just leave it to compound.
https://www.ajbell.co.uk/pensions/junior-sipp
There are differing opinions therefore on whether it is a good idea or not.0
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