Setting up a pension for your child might not be the first thing on your mind, but it is one of the most powerful ways to give them a financial head start. At Heir, we offer a comprehensive service to establish a pension for your child that will accumulate over time. From explaining the different types of child pensions available to ensuring all documentation is handled smoothly, we guide you every step of the way.

We specialise in helping you open a Junior SIPP for your child. This tax-efficient savings plan allows you to contribute up to £2,880 annually, with the government adding up to 25% in tax relief, increasing the total to £3,600. This money grows tax-free and will be waiting for your child when they retire.

One of the most popular options for child pensions is a Junior Self-Invested Personal Pension (SIPP). A Junior SIPP allows you to invest money in a tax-efficient way that can grow over time until your child reaches retirement age. We provide expert advice on how to open and manage a Junior SIPP, selecting the right investment strategies to maximise long-term growth.

Our team will assist you with:
• Understanding how a Junior SIPP works.
• Choosing suitable investments.
• Managing your child’s pension contributions.
• Optimising tax benefits and government contributions.

At Heir, we understand that every family’s financial situation is unique. That’s why we offer personalised financial plans tailored to your child’s specific needs and goals. We take the time to get to know you and your financial priorities, so we can craft a pension plan that will work for your family.

Our financial planning services include:
• Evaluating your current financial position.
• Developing a long-term pension strategy for your child.
• Offering ongoing advice and reviews to ensure your plan remains on track.
• Helping you maximise your pension contributions to give your child the best possible start.

Once your child’s pension is set up, it’s important to keep an eye on how it’s growing. Heir offers ongoing pension management services to ensure your child’s investments continue to perform as expected. We provide regular reviews, updates on investment performance, and recommendations on how to optimise the pension’s growth potential.

Our ongoing management includes:
• Annual pension reviews.
• Investment monitoring and adjustments.
• Personalised advice on adjusting contributions.
• Guidance on transitioning as your child grows older and the pension matures.

By working with Heir, you can be confident that your child’s pension is not only secure but growing steadily to provide for their future.