Do SIPPs have a role in child savings?

Despite current economic pressures many parents and grandparents are continuing to prioritise the financial security of their children and grandchildren. With the abolition of Child Trust Funds parents are keen to benefit from any potential tax benefits that are available.When it comes to saving for a child's future most parents will automatically look to savings accounts traditionally offered by banks or building societies. It is probably fair to say that most people do not think of a pension when they think about saving for their child's future. Many people point to the fact that...