Fund Stocks & Shares ISAs for every child, transitioning to pensions as they age
Create a fund for every child from birth, giving them £5,000 (inflation-linked) in a government-backed Stocks & Shares ISA, invested in low-risk diversified funds with parental and post-18 top-ups allowed, to transition into a personal pension as they age and help reduce state dependence in old age.
Pat McFadden
Work & Pensions Secretary
Similar motions
Keep Lifetime ISA for retirement savings & make a new ISA for first time buyers
Reduce the age at which people can open Individual Savings Accounts to 16
Scrap stamp duty on share transactions bought within an ISA
Reverse ISA allowance cuts & salary-sacrifice pension contribution caps
Fund Stocks & Shares ISAs for every child, transitioning to pensions as they age
Create a fund for every child from birth, giving them £5,000 (inflation-linked) in a government-backed Stocks & Shares ISA, invested in low-risk diversified funds with parental and post-18 top-ups allowed, to transition into a personal pension as they age and help reduce state dependence in old age.
Similar motions
Keep Lifetime ISA for retirement savings & make a new ISA for first time buyers
Reduce the age at which people can open Individual Savings Accounts to 16
Scrap stamp duty on share transactions bought within an ISA
Reverse ISA allowance cuts & salary-sacrifice pension contribution caps