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Children's Pensions
sneekymum
Posts: 4,782 Forumite
My three children (12, 9 & 3) each have a Stakeholder pension. (I was hoping to encourage Mother to make IHT-free gifts out of income). If all that was contributed was £20 a month (each) how much could they expect (in today's money) at age 55?
I've tried to use various "Pension Calculators" on the web - but they freeze up when I put Age=3 & Income=£0.
Does anyone know how much £20 a month (increased by inflation each year) might produce in 52 years time if it grew by 7% p.a. ?
How much would we need to add as a lump sum to the older children's pensions to make it fair?
I've tried to use various "Pension Calculators" on the web - but they freeze up when I put Age=3 & Income=£0.
Does anyone know how much £20 a month (increased by inflation each year) might produce in 52 years time if it grew by 7% p.a. ?
How much would we need to add as a lump sum to the older children's pensions to make it fair?
still raining
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