Children's calculator.

This calculator will help you understand how investing in a pension for your child now can give them a head start for tomorrow.

It’s easier than you think to invest for your child, you could consider investing any child benefit you receive - the current rate is around £20 each week for your eldest child. On a weekly basis, this may not stretch that far, but what if you invested it?

You could use that £20 to build up a pension fund for your child that will help to give them some financial stability in the future.

Any contributions you invest should qualify for pension tax relief from the Government, even if your child doesn’t pay income tax. So for every £50 you pay an extra £12.50 tax relief could be added based on current tax rules in this tax year. The value of tax relief depends on the child's individual circumstances and is subject to change.

Please remember the following:

• The value of the units that make up their fund can fall as well as rise, so the value of their fund is not guaranteed.
• The money you invest in a Stakeholder plan for your child is tied up until they are ready to take their benefits, from age 55.
• For those with no taxable earnings the maximum gross contribution in a tax year is £3,600.
  

Children's Stakeholder Calculator