Investing in your child's, or grandchild's, pension is not as immediate a means of financial support as their schooling or a house, but it offers a number of tax benefits
Though most people think about saving for a child's education or early adult life, contributing towards its pension offers tax benefits as well as support at a vulnerable time of life. The traditional way of providing financial support for your children, or grandchildren, is through investing in their education or putting down a deposit on a home. But there is another option. Investing in a pension on behalf of a child offers great tax benefits and will provide a healthy income for them at a crucial stage in their lives. There is no doubt your clients, and their children, cannot begin pl...
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