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[quote][i]Originally posted by Tim[/i] Funnily enough (as I'm a soon-to-be Dad) I saw an interesting article the other day. Shows you really should start your pension earlier rather than later, which I'm glad I have... If I pay £1200 a year in to a CTF for 18 years, and top this up with £3000 gifts in to a unit trust, then assuming 6% growth a year they'd have about £500k by their 18th birthday. Stick that in the bank for the next 42 years and again with 6% growth would become about £5.7m at 60 (although inflation would mean that's not as amazing as it sounds). Plus you can also apparently start a pension for your kids from birth (£3600 a year including tax relief), so you could easily make them a millionaire in their 30s :) [/quote]
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