Child Pension

Start to provide for a child's long term future today. As his or her legal guardian you could invest in a Halifax Stakeholder Pension Plan for under 18s on their behalf.

Planning for a child's future...

Once the plan is set up, anyone can contribute - even the taxman helps out
For every 78p paid into the plan the Government will add an extra 22p
Ownership of the plan will switch to the child when they turn 18 and funds become available when they reach 55
At 55 they have the option to take pension benefits
The plan will be available to manage online once the child reaches 18

Five reasons to choose our Stakeholder Pension Plan for under
18s!

1. No initial charges and a current yearly charge of 1.45% (reducing to 1%
after 10 years)

2. Investment in a wide range of funds

3. No minimum contribution level

4. Contributions can be stopped and restarted at any time, although this will
reduce your child's final fund value

5. At age 55, up to 25% of the fund is available as a tax-free lump sum (or 25%
of the lifetime allowance - whichever is lower)*

*The 25% tax free cash allowance is under current tax legislation. Tax rules may change in the future.

A Stakeholder Pension Plan is a stock market based investment, so the value of your investment can go up or down and is not guaranteed so the child may get back less than originally invested. Please remember, tax rules may change in the future.

Next Steps

Read on to find out more and apply online for a Stakeholder Pension Plan for under 18s

No advice has been given on this plan. If you would like to recieve individual advice regarding the suitability of this product for your own personal circumstances, you can book an appointment with a Halifax financial adviser. We give advice on our own products.