Advanced Search

LEGAL AND GENERAL CHILD STAKEHOLDER PENSION
Legal and General Child Stakeholder Pension (Child Stakeholder Pensions)
        
The Legal and General Stakeholder Pension for children is a low cost, tax efficient way to help provide for your child’s future. You are able to start investing from as little as £20.00 gross and can stop, start, increase or decrease regular contributions, and pay in single contributions at any time without penalties. You can put the money into one or more investment funds of your choice. It does not matter if you are a parent, grandparent, uncle, aunt or godparent – anyone can start putting money away for a child. Please make sure that you read the terms and conditions of this pension scheme carefully before you invest.
Location: UK
Advantages:
1. There is a wide range of pension investment funds, so you can select the type of investment and level of risk that suits you.
2. Stop, start, increase or decrease regular contributions, and pay in single contributions at any time without penalties
3. You can change funds at any time with no penalties.
4. You will normally receive tax relief on the money you pay into your pension plan
Disadvantages:
1. The value of the units which make up the pension fund can go down as well as up, so the value of the pension fund is not guaranteed.
2. If you decide to cancel within the 30-day cancellation period, you may not get a full refund.
Services:
1. You can manage the pension plan online.
2. You can normally take up to 25% of your pension fund as a tax-free cash sum and use your remaining pension fund to buy a regular income for the rest of your life
3. You can apply online, by paper application or by telephone.

Min Investments: £20
SIPP Options: No
Rate: Dependent on fund.
Fees/Charges: Does not exceed 1.5%
Fund Options: 20

Suitable For:
Parent putting money away for a child.
Conditions:
The money is tied up until the benefits are taken.
Restrictions:
1. The child can take the benefits between the ages 55 - 75 years old.
Features:
1. When the child reaches their 18th birthday they will then take ownership of the plan and will make the decisions around its management.
2. You may benefit from lower charges when you apply for a Legal & General child Stakeholder Pension Plan online.
Terms and Conditions:
1. The money is tied up until the benefits are taken.
2. The child can take the benefits between the ages 55 - 75 years old.
        
REVIEWS
Legal and General Child Stakeholder Pension Scheme (Which Way To Pay - 5/3/2010)
Legal and General Child Stakeholder Pension Scheme is ranked 4 out of 5. Based on 1 review.

4 Star Rating

News and ChartsNEWS / CHARTS

For once we are seeing Car Insurance Prices Drop since 2014
31 August 2018 - Which Way To Pay
A statement released last week , states that Car Insurance can be dropping by as much as 11% .
Read More >>
Is Everything covered for that Big Day ? Wedding Insurance
31 August 2018 - Which Way To Pay
Planning your wedding is one of the happiest times in your life , however we always need to make sure that we are covered for every penny spent . Wedding Insurance is a Must
Read More >>
Forever monitoring your endowment policy ?
08 April 2017 - Which Way To Pay
If this is your case then why not sell your policy on to make yourself some cash , and get what its worth.
Read More >>