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VIRGIN CHILDRENS PENSION
Virgin Childrens Pension (Child Stakeholder Pensions)
        
Virginís Childrenís Pension is a stakeholder pension, so it comes with low charges and guaranteed standards. It is easy to set up and you can easily keep track of its progress 24/7 online or by phone. Once it is set up anyone can contribute to it. Before you decide to invest money with the Virgin Childrens Pension it is worth reading the terms and conditions thoroughly in order to ensure that this is the right scheme for you. Pension schemes can be complicated. If in doubt seek independent financial advice for solid information.
Location: UK
Advantages:
1. Easy to understand, easy to set up
2. Save monthly or pay in lump sums - there are no payment tie-ins
3. Once it is set up, grandparents and others can contribute too Keep track of your child's pension 24/7 online, or by phone #
4. It is a stakeholder pension, so it comes with low charges and guaranteed standards
Disadvantages:
1. No guarantees you will get back the full amount you invest.
2. The amount of pension income provided by their retirement fund will depend on a number of factors, including investment returns and annuity rates when they retire.
Services:
1. If you want to save for more than one child you can open a stakeholder pension for each of them.

Min Investments: £20
SIPP Options: No
Rate: 1%
Fees/Charges: Dependent on fund option
Fund Options: 2

Suitable For:
Savings for your Child's future
Conditions:
Benefits can be taken at 55 years old
Restrictions:
1. Your child's money is tied up until they take their benefits (at age 55 or more
Features:
1. Grandparents, aunts, uncles and other adults can also invest in your child's pension fund once you have set it up.
2. Ownership of the pension switches to your child on their 18th Birthday.
Terms and Conditions:
1. Your child's money is tied up until they take their benefits (at age 55 or more.)
2. To start a pension for your child you must be: The child's legal guardian (normally the parent they live with) Aged 18 or over A UK resident
3.In each child's pension you can get tax relief on up to £2,880 each year.
        
REVIEWS
Virgin Childrens Pension (Which Way To Pay - 5/3/2010)
Virgin Childrens Pension is ranked 3 out of 5. Based on 1 review.

3 Star Rating

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