Nearly 40k UK families now contributing to pensions for their under-18 children

News Team, 25/07/2023

The number of families contributing to pensions for under-18s has increased significantly over the last three years, jumping 36 percent from 25,000 to 34,000 between 2018/19 and 2019/20, then another 12 percent to 38,000 in 2020/21, according to new research by Lubbock Fine Wealth Management, the financial planning arm of accountancy firm Lubbock Fine.

Around 38,000 families in the UK are contributing to pensions for the...

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