ensions
Since 2001, adults have the power to contribute to a personal or stakeholder pension for children of all ages. The children will enjoy added tax relief. The biggest advantage of a pension is that is provides an early start to your child when it comes to saving for his/her retirement. However, these funds cannot be drawn until the child reaches the age of 50. But this could be an advantage too, as it prevents the child from wasting this money at a younger age.