Idea would be to build up a pot of money for when the kids are older which they can use for education, deposit on house etc.
Ideally it would be something that would then be taken out of my assets for wealth tax purposes.
Are there any good tax-free vehicles for investing for children? In the UK, you have things such as Junior ISA or Junior SIPP.
I was wondering if there was any mechanism to be able to fund a 3a pension for kids even if limited annual contribution and no tax deduction allowed.
What would be the point if no tax deduction?
Tom
gets it out of wealth tax and income accumulates tax free.
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yes, it would but over time the savings would overcome the cost.