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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.

In the 2023 to 2024 tax year, the net contribution limit for the Junior SIPP is


Low Cost

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.

Asset Range

Access to an array of global markets covering a vast range of Equities, Exchange Traded Funds, and Mutual Funds / Investment Trusts.

Foreign Currency

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.

Our Super Simple Fees



free for accounts under £50,000



capped at £400 per annum



fixed for all online trades & fx

How a SIPP works

If you’re comfortable managing your own pension investments (or paying a money manager to do it for you) you can set up a SIPP yourself. It’s relatively easy to do, and you can compare different providers’ offerings online.

Once you’ve opened a SIPP, you’ll need to select what you want to invest in before making contributions – these can be made as a one-off or on a regular basis. If you plan to transfer one or more existing junior personal pensions into your Junior SIPP, check whether you’ll need to pay any transfer fees to your existing provider first.

Once a SIPP is up and running, it acts much the same way as a regular pension:

The government will provide tax relief to your contributions

Its value will rise and fall with the performance of its investments

Because SIPPs require a more hands-on approach than standard pensions, you’ll need to keep an eye on its performance and make ongoing investment decisions. This can be done online through your dashboard.

Why choose a SIPP?

A SIPP can be a good option if you want to combine your pension pots into one single fund and then actively manage your money yourself, or choose a money manager to do this for you.

With other types of pension, decisions about how to invest your money are in the hands of your pension provider.

This means that a SIPP comes with a certain level of responsibility, and requires savers to have some understanding of investing and to keep an eye on their investments.

You can usually opt to pay quite a low monthly amount into your SIPP, but a higher monthly contribution sometimes gives you access to more investment options.

We always suggest seeking independent financial advice if you are unsure or not confident with investing yourself.

The costs of a SIPP

There are many different SIPP’s available in the UK today and they have different fee structures, so it’s important to check and compare carefully.

Some are complex SIPP’s that allow property purchases and some are simple ‘pay into’ or transfer amalgamation SIPP’s.  So chose wisely, there is no point in paying for something you will not use.

As well as fees for setting up your SIPP, annual fees and trading charges may apply.  It would also be worthwhile taking a look at any exit penalties and also the charge you’ll have to pay if you want to draw an income from your SIPP.

With the Invinitive SIPP, things couldn’t be simpler.  £150 per year for accounts exceeding £50,000 and a 0.25% annual management fee capped at £400 per annum.  

How to open and manage

For any Child under the age of 18 their account needs to be opened on their behalf by a legal guardian or parent.

This means that the legal guardian or parent needs to have their own account with Invinitive.  Once opened they would open a new Junior account under their existing “parent” account, which is fairly easy to do.

This would automatically link the two accounts together allowing the parent full access to view and trade and transfer in funds to the Junior SIPP on behalf of the child.

Remember though, any money paid into a SIPP cannot be taken out until the Child turns 57, so short and medium term planning for vehicle purchases, university coverage etc might be better suited in a product more accessible like an ISA or a GIA.  For more information on what product is best suited to your situation please seek independent financial advice.

Tax Free Savings

A SIPP grows completely tax free.

This is one of the main advantages of using one.

SIPPs grow completely tax efficient in that there is no capital gains or dividend tax to pay on the growth of the pension.

The only time tax is paid, is on the income you take post 55.

Another advantage is tax relief.

When it comes to paying money into a Junior SIPP, the government will apply tax relief on your contributions. This means when you pay £2,880 the government will increase this amount by 20% to £3,600.


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.

Ready to get Started?

Open a new JSIPP

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.

Transfer an Existing Account

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.

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