How the tax rules and the 25% pension top-up work for children's accounts.
3 articles
You can pay up to £2,880 a year into a child's pension, and the government tops it up to £3,600. How the Junior SIPP allowance works, who can pay in, how it fits with the Junior ISA limit, and when the money can be used.
A Junior SIPP is a pension for a child, and the government adds 25% to every payment. How the top-up works, the £2,880 limit, how tax applies when the money comes out, and what it could grow to.
How a Junior SIPP (a pension for a child) works: the 25% government top-up, the £2,880 yearly limit, when the money can be used, and who it suits.