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Ever heard of a Junior Pension?

 Do you want your children to have a secure financial future?

Ever heard of a Junior Pension?

Yes, it's true – your children or grandchildren can have their own pension!

Here's how it works:

Junior pensions permit a contribution of £3600 per year (you contribute £2880, and HMRC adds in £720).

And here's the great part – family and friends can also contribute to these funds.

Let's break it down:

So, let's say you were able to start with the maximum of £240 per month when they're born… And continue this investment until they turn 18, you will have invested £64,800.Assuming an annual investment growth rate of 6% before fees, their pension will be worth £116 205.96.

Leaving that sum invested for 39 years (until your child or grandchild reaches age 57), assuming they achieved the same average growth of 6% per annum before fees, they could retire with a pot worth £1,199,348.25. Having not invested a penny more! This is in today's money, not allowing for inflation. Why 57? The minimum pension age is changing from 55 to 57 in 2028.

If you'd like to know more give me a call now on 01228 598821. Or drop me a line at This email address is being protected from spambots. You need JavaScript enabled to view it.

The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.

HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.

Approved by the Openwork Partnership 17/03/2024
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Tuesday, 16 April 2024

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STAN SHERLOCK ASSOCIATES LIMITED IS AN APPOINTED REPRESENTATIVE OF THE OPENWORK PARTNERSHIP, A TRADING STYLE OF OPENWORK LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

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THE VALUE OF INVESTMENTS AND ANY INCOME FROM THEM CAN FALL AS WELL AS RISE AND YOU MAY NOT GET BACK THE ORIGINAL AMOUNT INVESTED.

Approved by The Openwork Partnership on 01/11/2023