Stakeholder pensions for children
Indulge more than their imaginations
Invest in their future with a Stakeholder Pension Plan for children
While your children are growing up, it’s easy to indulge their dreams of becoming a mermaid or starting their very own ice cream farm. But when it comes to their real ambitions – from travelling the world, to starting a family of their own - one thing’s for certain: they’ll be living in a world that’s more expensive than ever.Our Stakeholder pension is a simple, low cost, tax efficient way to help provide for your child’s future.
The basics
Investing starts from as little as £20, up to a limit set by the government. These are listed in our Guide to Stakeholder Pensions.
The money you pay into the Stakeholder pension (your contributions, including the tax relief you receive) is put into an investment fund. The aim is to build up this fund to provide your children with a secure future, by having a pension income at their retirement age.
With a Stakeholder pension, you can stop, start, increase or decrease, and pay in single contributions at any time without penalties.
And it’s great value too. We offer low annual management charges on our Stakeholder pension and we reduce the rates of the charges as the fund grows.
We also offer an extensive choice of pension investment funds, so you can select the type of investment and level of risk that suits you.
Remember…
It doesn’t matter whether you are a parent, grandparent, aunt, uncle or godparent – anyone can begin putting money aside for a child. If you start now, you’ll be helping to give that child greater security in an otherwise uncertain world.
The named child on your investment will not have access to the funds until they take their pension benefits so you can be sure the money will be there for them when they retire (current minimum retirement age is 55).
See how much your child could have by the time they retire by using our children’s calculator in the right hand column.
It’s easy to apply.
Our Stakeholder pension can be managed online so you can see how your child's pension investment fund is performing. You can also change funds, whenever you choose, at no extra cost. When the child becomes age 18 they will then take ownership of the plan and will make the decisions around its management.
You may benefit from lower charges when you apply for a Legal & General Stakeholder Pension online. It takes just 20 to 30 minutes to complete your application.
To find out more about Stakeholder pensions for children, read our Guide to Stakeholder Pensions.
The value of the units which make up your fund can go down as well as up, so the value of your fund is not guaranteed. Please remember that your money is tied up until your loved ones take the retirement benefits. Please view the other risks associated with this product.
