Do SIPPs have a role in child savings?

clock

Steve Latto explains how clients can use SIPPs to build their childrens' futures.

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Why waiving the right to tax-free cash is not a straightforward decision

Why waiving the right to tax-free cash is not a straightforward decision

Depends on a number of factors

Lisa Webster
clock 14 May 2026 • 3 min read
King's Speech has limited impact on pensions

King's Speech has limited impact on pensions

Pensions UK says there may be pension implications from other aspects of the legislative programme

Jonathan Stapleton
clock 13 May 2026 • 1 min read
Pensions and divorce: Where advisers can add the most value

Pensions and divorce: Where advisers can add the most value

'A pension is not simply another line on a balance sheet'

Tim Latham
clock 12 May 2026 • 4 min read