4 practical reasons to regularly contribute to your child’s pension

In a bid to pass more wealth to their loved ones, a growing number of families are opening pensions for their children. Whether your child is still in nursery or already working their way up the career ladder, there could be benefits to making pension contributions on their behalf.

According to an article in the Telegraph (13 June 2026), pension providers have noticed an uptick in the number of pensions opened for a child, with one provider registering a jump of 158%.

This trend is partly being driven by changes to Inheritance Tax (IHT) rules. From 6 April 2027, many pensions will be included in the value of your estate when calculating if IHT is due