Stakeholder pensions for children
Indulge more than their imaginations
Invest in their future with a Stakeholder Pension Plan for children
While your children are growing up, it’s easy to indulge their dreams of becoming a mermaid or starting their very own ice cream farm. But when it comes to their real ambitions – from travelling the world, to starting a family of their own - one thing’s for certain: they’ll be living in a world that’s more expensive than ever.Our Stakeholder pension is a simple, low cost, tax efficient way to help provide for your child’s future.
Your options
1. Choose an investment fund, or funds
Legal & General offers a wide range of pension investment funds with varying levels of risk and potential reward. You can choose to invest your contributions into one or more funds according to your attitude to investment risk. You can switch your investment from one fund to another, whenever you choose, free of charge.
There are over 20 Legal & General pension investment funds to choose between, ranging from index-tracking funds (which track the performance of a market or geographical region) to actively managed investment funds (where a fund manager decides what to invest in, in order to best achieve the fund's aims).
Alternatively, there are 17 funds from a set of specifically selected external fund managers.
2. Choose a lifestyle profile
You also have the option of a lifestyle profile. This is where your contributions are initially invested in funds for the potential of long term growth and then your investment is steadily switched into lower risk funds as your child gets nearer to the chosen retirement age.
3. Take the default option
If you prefer not to choose a pension investment fund, your contributions will be invested into our default investment option - the UK Equity Index Lifestyle Profile. This means your contributions will initially be invested in the UK Equity Index Fund then, starting 10 years before the chosen retirement age, the investment will be gradually switched to the lower risk Fixed Interest and Cash Funds.
We recommend that you read Choosing your investment fund (PDF 89KB).
