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Junior Self-Invested Personal Pension hero

Junior SIPP

Invest up to £3,600 free from UK tax into your child's pension

Open a Junior SIPP

Transfer a child's pension

Top up a Junior SIPP

Invest up to £3,600 free from UK tax into your child's pension

Open a Junior SIPP Transfer a child's pension Top up a Junior SIPP

Invest up to £3,600 free from UK tax into your child's pension

Open a Junior SIPP Transfer a Junior SIPP

Top up a Junior SIPP

Important information - A Junior SIPP is a type of pension for parents and guardians happy to make investment decisions on their child’s behalf and isn’t usually accessible until age 55 (which will rise before the child reaches retirement). Pension and tax rules can change, and benefits depend on individual circumstances. If you’re transferring a child’s pension, check fees first and make sure they won’t lose any valuable guarantees or benefits. If you’re not sure if an investment is right for a child, please seek financial advice. Remember investments can go down in value as well as up, so the child could get back less than invested.

A head start for a child

Do you wish you’d started saving into a pension earlier? A Junior Self-Invested Personal Pension (SIPP) could give a child a significant head start in saving for their future.

A 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 (and will rise before the child reaches retirement). This means the money in a Junior SIPP has lots of time to potentially grow.

Find out more about Junior SIPPs

Why invest in a Junior SIPP?

  • Help a child live comfortably in retirement. Pay in up to £2,880 each tax year for the child’s future and get a 20% automatic boost from the government.
  • 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.

Investments can go down in value as well as up, so your child could get back less than invested.

Find out more about Junior SIPPs

Annual 0.45% account charge

Junior SIPP charges

The annual charge for holding investments in an HL Junior SIPP is never more than 0.45%.

Your dealing and other charges will depend on the investments you choose.

View all Junior SIPP charges

How to open an HL Junior SIPP

To open a Junior SIPP, a parent or legal guardian will need to complete an application form on a child’s behalf. If the child is over 16 they will need to sign the application. You’ll also need to complete a Legal Guardian form.

Start with a payment

Set up a direct debit from as little as £25 a month, or make one-off payments of £100 or more.

You’ll always have the flexibility to stop or pause payments whenever you want.

Open a Junior SIPP

Transfer an existing child’s pension

To open a Junior SIPP, you can transfer a child’s pension from another provider.

Transfer a child's pension

How to top up an HL Junior SIPP

Anyone can add money to an HL Junior SIPP once it has been opened. To set up or amend a direct debit, or make a one-off lump sum payment, call our Helpdesk or send us a secure message.

Top up a junior sipp

Why choose an HL Junior SIPP?

  • Flexible payments
    Monthly direct debits from as little as £25 a month, with the ability to pause or cancel payments if you ever need to.
  • Invest where and how you want to
    You can pick your own investments, select one of our ready-made portfolios, or pay a financial adviser to choose investments for you.
  • An easy-to-manage account
    See your family’s investments at a glance online or with the HL app.
  • Link your family's accounts
    With our linked accounts feature, you can view and manage your family's HL accounts from your own login.

Investment ideas

With a Junior SIPP, you control where it's invested and can choose from a wide range of funds to match your values and goals, as well as UK and overseas shares, investment trusts and more.

To get you started, we've put together a selection of investment ideas.

View Junior SIPP investment ideas

Switch a child's pension on

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Expert knowledge and guidance

Get the latest investment news, research and insight. Plus tools to help you make decisions with confidence.

Ongoing support

Help from our UK-based client support team. Or personal financial advice from our highly qualified experts.

Pension essentials

Are you ever too young to have a pension?

Discover how a £100 gross investment each month, for 18 years, could mean a child ends up with a pension worth over £140,000 by age 60.

Read article

Junior SIPP calculator

Find out how much a child’s pension could be worth in later life.

Try the calculator

Minimising tax with a Junior SIPP

Investing for a child can help a child secure a brighter financial future. Plus, it could help you and the child save tax too.

Find out more on minimising tax

I set up a junior SIPP with HL, they were proficient and helpful as usual. I have been a customer for over 15 years and have never been disappointed.



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Help and support

If you have any questions about the HL Junior SIPP, you can speak to one of our UK-based client support experts.

Call us on 0117 980 9926

Read our FAQs

Email us