Junior Self-Invested Personal Pension
Give your child a head start with a tax-efficient pension
Invest up to £3,600 a year in their future – tax efficiently
You choose and manage investments until they’re 18
Investments grow free from UK income and capital gains tax
Important information: A Junior SIPP is for parents or guardians who are happy to make investment decisions for their child. All investments can go down as well as up in value, so the child could get back less than originally invested. If you’re not sure how or where to invest, please seek financial advice. Money in a pension usually can’t be taken out until at least age 55 (rising to 57 in 2028, and likely to increase again). Pension and tax rules can change, and how they affect your child will depend on their individual circumstances. If you’re transferring a pension from another provider, check that your child won’t lose any valuable guarantees or benefits or need to pay high exit fees before transferring.
Important information: A Junior SIPP is for parents or guardians who are happy to make investment decisions for their child. All investments can go down as well as up in value, so the child could get back less than originally invested. If you’re not sure how or where to invest, please seek financial advice. Money in a pension usually can’t be taken out until at least age 55 (rising to 57 in 2028, and likely to increase again). Pension and tax rules can change, and how they affect your child will depend on their individual circumstances. If you’re transferring a pension from another provider, check that your child won’t lose any valuable guarantees or benefits or need to pay high exit fees before transferring.
What is a Junior SIPP?
A Junior SIPP is a pension for children, opened and managed by a parent or guardian until the child turns 18. It lets you invest for their future with a broad range of investment choices, all in one easy-to-manage account.
Tax efficient saving
Contribute up to £3,600 each year with tax relief, helping your child’s pension grow faster, free from UK income and capital gains tax.
Investment choice
Choose from thousands of funds and shares, or select our expert-managed Ready-Made Pension Plan.
Long-term growth potential
Investing over decades can help smooth out market ups and downs and maximise growth potential.
Is a Junior SIPP a good idea for me?
A Junior SIPP can benefit parents and children. Open a Junior SIPP if:
You want to help your child save for their retirement
You've used your own tax-free allowances such as pension and ISA contribution allowances
You've already used your child's ISA allowance for the year and want to help them at more than one stage in life
You're comfortable choosing investments on your child's behalf
You know that pensions can only be accessed at retirement age (currently 55 but likely to increase)
This isn’t personal advice. If you’re not sure what’s right for you, ask for financial advice. Investments can rise and fall in value, so you could get back less than you invest. Tax rules can change, and benefits depend on your circumstances.
Why choose the HL Junior SIPP?
Start investing from £25 a month and make flexible lump sum payments
Link your family's accounts and manage all your investments from your single login
Choose the expertly managed, Ready-Made Pension Plan. Or pick your own investments.
Manage your child's pension on the go with our award-winning app
Join the UK's largest direct SIPP provider
Open or top up a Junior SIPP from £100 lump sum, or £25 a month.
Free to set up, no fund dealing charges.
Low-cost Junior SIPP
0.45%
Our annual charge is no more than 0.45% for holding investments. Buying and selling funds is free. Dealing charges apply to shares and some investments may have their own charges.
Award-winning service
Over 200 awards, including 'Best Investment App' and 'Best for Customer Service' for 2025.
Over 40 years' experience
We’ve been helping people to save and invest for a better future since 1981.
Ready to help
Our UK-based team is available six days a week to answer calls and provide ongoing help and support.
Transfer a child’s pension
Transfer to HL today for more investment choice, and greater control of a child’s future. Join thousands who’ve already made the switch.
Junior SIPP calculator
Find out how much your child's Junior Pension could be worth by the time they're 60. Use the sliders to change how much you'd contribute and how old your child is when you start contributing. You can also calculate based on low, medium and high rates of investment return.
Your Junior SIPP investment options
Pick your own investments
Your child, your choice
Pick from thousands of funds, UK and overseas shares, investment trusts and more to match your goals. Plus, get investment ideas chosen by our team of experts.
Leave it to the experts
Ready-made investments
Choose between all-in-one investment options, created by our team of experts. Including the HL Ready-Made Pension Plan, designed to take more risk when you're younger - helping your pension grow over time.
Junior SIPP FAQs
Here you'll find answers to the most frequently asked questions. Remember pension and tax rules can change and benefits depend on your child's circumstances.
A grandparent cannot open a Junior SIPP for their grandchild - only a parent or legal guardian.
But once the Junior SIPP is open anyone can make contributions, including grandparents, up to the annual gross limit with a total of £3,600 (which includes £2,880 from contributors and £720 tax relief from the government)
A parent or legal guardian can set up a Junior SIPP as soon as their child is born.
The earlier the account is opened, the more time there is for potential investment growth.
1. A parent or legal guardian opens the Junior SIPP in the child’s name.
2. Anyone (parent, grandparent, etc.) can pay into the pension, up to £2,880 per year (net). The government adds 20% tax relief, boosting it to a maximum £3,600 gross annually.
3. The money is invested in assets such as stocks, bonds, ETFs, or funds - depending on choices made by the parent or guardian.
4. Investments grow free from income tax and capital gains tax.
5. The child is the legal owner of the account at age 18. They gain control of the investments but can’t access the money until they reach retirement age (currently 55, rising to 57 from 2028 and likely to be higher in future).
6. Once the child reaches the minimum pension age, they will be able to make withdrawals. Under the current rules, up to 25% can be received tax free, and the rest will be taxed as income.
At 18, the child (now legally an adult) becomes the owner of the account.
They can manage investments, choose funds, or even change providers.
The Junior SIPP is automatically converted into a regular SIPP. No new account is needed - just a change in status.
At 18, the young adult can:
Continue contributing (now subject to normal pension rules - usually up to their annual income or £60,000, whichever is lower).
Change investments or adjust risk levels.
Switch providers should they choose to.
Leave the pension untouched, allowing it to grow tax free.
A Junior SIPP is not completely tax free, but it offers generous tax advantages:
Government top-ups (tax relief)
Tax-free growth.
Partial tax-free access from retirement age (currently 55, rising to 57 from 2028 and likely to be higher in future).
It’s ideal for very long-term saving, especially when used alongside more accessible accounts like Junior ISAs.
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