Important: A Junior SIPP is a type of pension for people happy to make their own investment decisions. Investments go down in value as well as up so your child could get back less than is invested. The rules mentioned are those currently applying and could change in the future. The money can normally only be accessed from age 55 (57 from 2028). Tax reliefs depend on your child's circumstances. If you are unsure an investment is right for you or your child, please seek advice.
A Junior SIPP (Self-Invested Personal Pension) is a type of pension for a child. There are other types of children’s pensions available, such as stakeholder pensions.
With a Junior SIPP or any sort of child’s pension, you must be able to afford to give the money and lock it away. If you start early enough, paying in just £300 (gross) a month could build a pension pot worth more than £500,000 for a child or grandchild – see the chart below. Even saving smaller amounts can still help to generate a considerable sum (regular savings start from just £25 gross a month in our Junior SIPP). Before opening an account please view our charges.