We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Pension for 18 year old daughter -Advice please!
Millerdog
Posts: 119 Forumite
My 18 year old is considering starting a pension. She can afford to put away approx £30 a month. She is a student in Full Time education at our local college and has a p/t weekend job at a local shop. Where should we start, please?
I may not have thanked you but I meant to, honest!
0
Comments
-
18 and considering a pension. Wow-wee, never heard this before. :money:0
-
Yes, She's a bit strange! I think she must have read or heard something about pensions from somewhere as we had 20 questions from her about them the other day. I'm not sure how positive she is about it, but I thought I'd show willing!I may not have thanked you but I meant to, honest!0
-
She might be best investing in S&S ISAs until she is older and in full-time employment.0
-
won't she need a house before she needs a pension?0
-
Personally I would advise her to save her money in an ISA.
This is what I advised my son to do. At 18 there are alot of things he may want to save for rather than tie all his money up and not be able to touch it.
Think hard before you advise your daughter to start a pension at this age. Will she be wanting to get a car, go to university, deposit for a house, it all needs saving for. Can she afford to do this as well as paying into a pension?£2 Coins Savings Club 2012 is £4
.............................NCFC member No: 00005.........
......................................................................TCNC member No: 00008
NPFM 210 -
You could start some kind of pension with as little as £1 per month, so it might be worth doing something and saving a bit as well?
:beer:0 -
Thank you all for your kind advice. Now... is there a thread about ISA's????I may not have thanked you but I meant to, honest!0
-
Cash ISA
http://forums.moneysavingexpert.com/showthread.html?t=401374
S&S ISA ( for long term planning )
http://forums.moneysavingexpert.com/showthread.html?t=4163370 -
or the ISA vs Pension sticky
http://forums.moneysavingexpert.com/showthread.html?t=3752170
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards