Do you wish you’d started saving into your pension earlier? A Junior SIPP (Self-Invested Personal Pension) could give a child a substantial head start in saving for their future.
The Junior SIPP is the same as a regular SIPP – the difference is that a parent or legal guardian manages the account, and makes any investment decisions, until the child turns 18.
The money in a SIPP cannot be accessed until age 55 (rising to 57 in 2028 and likely to rise further). This means a Junior SIPP has decades to mature. Invest up to £3,600 gross per child per tax year – the taxman automatically pays 20% tax relief (up to £720) so you can put in up to £2,880. Investments in a pension are free from UK income and capital gains taxes.
Remember tax rules can change and benefits depend on personal circumstances. Gifts to a child’s pension are often covered by one of the inheritance tax exemptions and so could fall outside your estate for inheritance tax purposes.
If paying into a Junior SIPP, the guardian and child must both live in the UK. We can accept Expat applications (subject to application process and terms and conditions) for a Junior SIPP but only to receive a transfer from another UK SIPP provider.
Our SIPP cost is FREE up to £50,000 at which point it costs £150. We have a 0.25% platform fee on all assets we hold, capped at £400 p.a.
Access to an array of global markets covering a vast range of Equities, Exchange Traded Funds, and Mutual Funds / Investment Trusts.
Your account will let you exchange almost any currency pair, allowing you to invest in foreign currency assets.
Live Pricing with immediate market access at a fixed cost of £7.95 per transaction, including FX.
Whether an active or a buy and hold trader, our platform has been designed for both professionals and novices.
No paperwork, no scanning and uploading, fully automated for an enhanced client experience.
free for accounts under £50,000
capped at £400 per annum
fixed for all online trades & fx
The value of your investments and the income from them can go down as well as up, you may get back less than you invest. Tax treatment depends on individual circumstances and all tax rules may change in the future. None of the above information should be construed as a personal recommendation or advice. If you are unsure about the suitability of an investment or pension product you should speak to an authorised independent financial adviser.
Open your account through our automated application process and then fund your account with as much as you wish to deploy or set up a Direct Debit to pay one off or regular premiums.
If you have an account with another provider you can transfer it to us. Open an account then provide us with the details of your existing accounts and we will take care of it from there.