Pensions for children

[cloudtree]

Has anyone set up pensions for their children and if so what route have you gone down? I have an overview understanding of pensions but not of the market and so reluctant to do anything where I need to be particularly active and move things around.

DH is anti and feels we would be better served putting more into our own pensions.

I have. Not at the expense of my own pension, though. I pay the £2,800 in each year to their pensions which are with L&G, and talk to them lots about the importance of it. I wish I'd started sooner (they are pre-teens) but nonetheless it's still worth it. And I hope will start a savings habit when they start work. So many of the under 30s I work with don't see the point - it's (largely) free money!

Free money? Eh?

Op - you would be better moving this thread to investments, where there is already a current thread about children's pensions! You are likely to get more people advising you via investments

Ah, I'll pop in there!

What I meant (badly expressed!) was that we make a very generous contribution as employers, they get tax relief plus the employer NI saving (salary sacrifice scheme) which we pass on. So they make a small contribution which is worth a lot more by the time it hits their pension fund.

I need to do this once we can afford to.