Gifts of the Financial Variety
With the festive season almost upon us, have you considered giving your grandchild or grandchildren a present that can help their financial future?
UK tax laws allow children to receive pension contributions of up to £3,600 a year from the moment they are born. Opening a pension for your grandchild or grandchildren could significantly improve the amount they eventually inherit. With both tax and estate planning benefits, together with the prospect of giving them financial independence in their retirement years, this really could be the most valuable gift you ever make to them. To discuss this and any other retirement planning concerns you may have, please contact Michael O’Sullivan or Tony Lloyd on 020 8941 9779.