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Junior SIPP charges

Important information - 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. This website is not personal advice, if you are unsure an investment is right for you or your child, please seek advice.

Our Junior SIPP is free to set up and low cost to run and your child could also benefit from super-low fund charges .

  • Set up - No charge
  • Transfers in* - No charge
  • Contributions - No charge
  • Account inactivity - No charge

* Before you transfer please ensure your child will not lose any valuable guarantees or incur excessive exit fees. Unless otherwise arranged transfers will be made as cash so you will be out of the market for a period.

Annual account charges


This charge applies to each HL account separately. It is tiered within bands: 0.45% per annum on the first £250,000 of funds; 0.25% for funds between £250,000 and £1m; 0.1% for funds between £1m and £2m, and no charge on the value of funds over £2m.



£0 - £250,000
£250,000 to £1m
£1m to £2m
Over £2m


No charge

Shares, investment
trusts, ETFs, gilts
& bonds

0.45% a year (capped at £200 a year
across all holdings in the account)

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

Dealing charges (per deal)

Fund dealing

(unit trusts and OEICs)

Online, phone and post dealing

No charge

Reinvestment of income

No charge

In each account, if you choose automatic reinvestment, any dividends or other income received will be reinvested once they reach £10 per holding.

Share dealing

(Including UK and overseas shares†, investment trusts, exchange-traded funds, gilts and bonds.)

Online and mobile app


Phone and post dealing

1% (£20 minimum, £50 maximum)

Please note: some stocks can only be dealt over the phone.

Equity regular savings

£1.50 per stock per month

Available on FTSE 350 shares, and selected investment trusts and ETFs, subject to a minimum of £25 per stock per month.

Reinvestment of income

1% (£1 minimum, £10 maximum)

In each account, if you choose automatic reinvestment, any dividends or other income received will be reinvested once they reach £10 per holding.

  • UK Stamp duty


    Purchase of UK shares (rounded up to the nearest £5 for residual shares)

    PTM (Panel on Takeovers & Mergers)


    UK share deals over £10,000

    Irish Stamp duty


    Purchase of Irish shares

    French Financial Transactions Tax


    Purchase of certain French shares

    Italian Financial Transactions Tax


    Purchase of certain Italian shares

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

Account administration

Standard account closure fee

No charge

Transfer out to another provider (as cash)

No charge

Transfer out to another provider (as stock)

No charge

Cash transfer from other HL account

No charge

Limit orders

No charge

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

£1.50 per deal (shares only)

Statements and valuations

No charge

Statements and
valuations (paper)

No charge for Junior accounts

Taking SIPP Benefits

See HL SIPP charges.

Not usually possible until age 55 (57 from 2028).

How we collect fees

We make it as easy as possible by collecting fees automatically from your child's account.

We will always try to take fees first from cash in your child’s Loyalty Bonus account. You can top this account up over the phone with a debit card – simply call us on 0117 980 9926. Please note that topping up this account does not count as a contribution to their Junior SIPP.

If there is insufficient cash in the Loyalty Bonus account, the fees will be collected from any cash in your child’s Junior SIPP. The “Suggested Minimum Cash Balance” gives you an idea of how much you should hold to meet future fees. It is just a suggestion and you can ignore it if you wish.

As a last resort, if there is no cash in the Loyalty Bonus account or Junior SIPP we will sell holdings to cover the amount owed and restore the minimum cash balance. To sell shares, we'll charge £1.50 per deal. There is no charge to sell funds. We will normally sell units of the largest fund holding first. If, for whatever reason, we are unable to sell units of the largest fund holding, we will sell units in the next largest fund holding and, if your child doesn't hold funds, we may sell part of other holdings.

Cash held within the HL Junior SIPP

If you're unsure where to invest or just want to sit out of the market, you can hold cash within your child's Junior SIPP.

  • No up-front or annual running costs to hold cash.

Current rates of interest paid on cash in the HL Junior SIPP

For full cost details see our Terms & Conditions.