Can I start a pension for my child or grandchild?

Yes, you can start a pension for your children or grandchildren if you’re a person with parental responsibility under the Children Act 1989. Your adviser can guide you through your options, help you set up a pension, and start making contributions. You may also be able to pay into a pension set up for a child or grandchild by a person with parental responsibility, if that person and the provider both allow.

Tax benefits are dependent on your child's or grandchild's circumstances and are subject to change. Remember that they would be awarded the tax relief - none of that would come to you, even though you were paying into the pension.