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Junior SIPP

Annual account charges

The HL Junior SIPP is free to set up and low-cost to run. Our yearly charge for holding investments is never more than 0.45%. There’s no charge for inactivity or for holding cash.

You can see the interest rates paid on any cash held in a Junior SIPP here.


Value of funds Charge
On the first £250,000 0.45%
On the value between £250,000 -£1m 0.25%
On the value between £1m - £2m 0.1%
On the value over £2m No charge


Including UK and overseas shares, investment trusts, exchange-traded funds, VCTs, gilts and bonds.

capped at £200 per year

Important note about charges

The investments you choose may have their own charges, such as charges from a fund manager. These are in addition to our account charges. You can find these in each investment’s key investor information. A bid/offer spread may also apply - see our Guide to Fund Prices for details.

Example of HL account charges

If you invest £15,000 in funds and £5,000 in shares, your account charge would be £7.50 per month*.

£15,000 in funds

Annual charge (0.45%)

£5,000 in shares

Annual charge (0.45%)

Total charge

(£7.50 per month)

*The monthly charge will depend on the exact value of your account each month. To keep things simple here, we didn't include any investment growth.

Dealing charges

Fund dealing

Includes unit trusts and open-ended investment companies (OEICs). There’s no dealing charge for buying or selling funds.

Share dealing – online and mobile app

Just £5.95 per deal including UK and overseas shares*, investment trusts, exchange-traded funds, gilts and bonds.

*There’s an added foreign exchange charge for overseas share deals, depending on deal size. See our overseas share dealing page for details.

Automatic reinvestment

If you’d like any share income automatically reinvested, we’ll reinvest your income when it reaches £10 per holding or the amount you choose. There’s no charge for this.

Other charges

  • Government tax and levies (per deal)
    UK Stamp Duty 0.5% on purchases of UK shares
    PTM (Panel on Takeover and Mergers) £1 on UK share deals over £10,000
    Irish Stamp Duty 1% on purchases of Irish shares
    French Financial Transactions Tax 0.3% on purchases of certain French shares
    Spanish Financial Transactions Tax 0.2% on purchases of certain Spanish shares
    Italian Financial Transactions Tax 0.1% on purchases of certain Italian shares
  • Telephone share dealing
    1% of the trade value, minimum charge £20, maximum £50.
  • Account administration

    Made in addition to the charges above, where applicable.

    Account closure fee

    No charge

    Automated sales to cover charges
    (selling fund units or shares to cover fees)

    No charge

    Quarterly statement and valuation (paperless)

    No charge

    Quarterly statement and valuation (paper)

    No charge

  • Transfers

    Transfer out (as cash)

    No charge

    Transfer out (as stock)

    No charge

Other charges may apply in specific circumstances - see the terms and conditions for details.

Charges FAQs

How are charges paid?

There’s no need to remember to make any payments – we’ll automatically take our charges each month. You’ll need to keep cash in your account to pay any charges – there is a suggested minimum cash balance based on the size of your child's Junior SIPP, but you can hold as much cash as you like.

What happens if there’s not enough cash to pay charges?

If you don’t have enough cash in your account to cover charges, we’ll first try to collect charges using any loyalty bonuses you received on investments you bought before 1 April 2014.

After that, we’d take charges using any cash in your Fund & Share account, if you have one. As a final resort, we’d sell holdings in your child's Junior SIPP to cover any charges and restore the suggested minimum cash balance. There is no additional charge for this. We will normally sell units of your largest fund holding first.

Important information

The charges above don’t include the cost of any advice you might need. If you need financial advice, our adviser would agree this cost with you separately.

My children are 14 and 17 and they’ve both got Junior SIPPs with HL. I started investing for them in 2011 and I saved the maximum into their accounts each year. It’s a really good way for me to future proof their future.


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Best Buy Pension
Boring Money Awards 2023
Best Buy Pension 2022
Best Buy Pension
Boring Money Awards 2022
Investing & Pensions Gold Award 2022
Investing & Pensions Gold Award
The Times Money Mentor 2022

Help and support

If you have any questions about the Junior SIPP, you can speak to one of our client support experts by calling 0117 900 9000.

Contact us

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