Stakeholder pension scheme

Okay kiddo, imagine that you have a piggy bank where you save money every week. Now, let's say you want to save some money for when you grow up and retire from your job. You could put your money in a special kind of piggy bank called a "Stakeholder Pension Scheme."

This is like a piggy bank that is managed by an adult (like a bank or investment company) and helps you save money for when you're older. But, it's not just your money that goes in, your boss (if you have a job) can put some money in too, and even the government can give you some money to help you save.

Your Stakeholder Pension Scheme is a way of planning for your future and making sure that you'll have some money to live on when you're too old to work. It's important to start saving early and keep putting money in regularly so that you have enough when you're ready to retire.

Does that make sense, little one?