Personal Tax Tip 5 – Is it ever too early to start a pension?

Have you maximised the government contributions into pensions for your children?

Tip: You can contribute up to £2,880 net per child into personal pensions for them each year. The Government will add up to a further £720 per annum for each. The investment will not suffer any annual taxes and cannot be drawn until the child reaches at least 55.

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