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