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Junior SIPP

Start saving just a small amount now on behalf of a child to make a real difference to their future.

What is a Junior SIPP?

  • A Junior Self-Invested Personal Pension (Junior SIPP) is a tax-efficient way to start building a nest-egg for your child.
  • Contribute lump sums, or start a regular savings plan from as little as £50 per month, with friends and family able to contribute too.
  • Invest up to £3,600 during the 2018/19 tax year and receive 20% government tax relief added to the account.

Our Junior SIPP

Open an account on behalf of your child to help secure their retirement and receive a statement and valuation every six months to keep track of how your investments are doing.

  • Invest your child’s Junior SIPP allowance in a wide range of funds, ETFs or investment trusts.
  • Get instant access to our investment expertise, market insight and planning tools. And our freephone UK call centre is open six days a week.
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The value of investments can go down as well as up so you may not get back what you invest. Eligibility to invest in a Junior SIPP depends on personal circumstances and all tax rules may change in the future. Control over the investments pass on to the child once they turn 18 and withdrawals from a Junior SIPP will not normally be possible until the child reaches age 55.

Opening a Junior SIPP

Fill out the form we provide you with below, make a payment of at least £800, or start a regular savings plan from £50.

Start saving for your child's retirement today

Thanks to long-term growth potential and the effect of compounding, investing just £3,600 into a Junior SIPP when your child is born can make a huge difference to their retirement savings. And, thanks to government tax relief, paying in only £2,880 will see £3,600 added to the child's Junior SIPP account.

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Tax rules and reliefs are likely to change between now and a child’s retirement and the eligibility to invest in a pension will depend on personal circumstances. The amount you might get back at 65 is only a projection, it's not guaranteed. Please remember, how your investments perform and the charges may affect the value of your investments and you may not get back the amount you invested. You will not normally be able to withdraw money from a pension until you are 55. 

How a Junior SIPP works

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Opening a Junior SIPP

You can open a Junior SIPP for a child if you are their parent or guardian.

The account is held in the child’s name and the child must be under the age of 18.

Contribute up to £2,880 a year

You, or anyone else, can contribute up to this £2,880 a year. These contributions will benefit from basic rate tax relief (currently 20%) from the government.

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£20 tax relief for every £80 paid

Tax relief from the government means up to £3,600 can be invested with only £2,880 needing to be paid in.

Control passes to the child at 18

Control of the investments passes to the child when they turn 18, however the money is locked away until retirement age (usually after 55). At this point there will be a few ways to take the pension.

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This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.

A clear approach to fees

We believe in giving you great value, so we charge an annual service fee, payable monthly, based on the value of all your investments. And did we mention all the award-winning guidance, on-the-go access and support with investing you get? That’s all included in our service fee.

We add all your accounts together before we work out which fee band you’re in, meaning we’ll charge you the lowest rate.

  • The portion of the fee you pay on exchange-traded investments (shares, exchange-traded funds (ETFs), bonds, etc.) is capped at £45.
  • However, you do not pay a service fee on exchange-traded investments held in an Investment Account.

The table below shows how this fee changes as your investments increase. To see this in more detail please read the Doing Business with Fidelity document.

In addition to our service fee, there may also be charges set by the company managing your funds, and there will be additional charges for any share dealing you engage in. For more details, please read the Fidelity pricing guide or visit our main fees and charges page.

Total value of investmentsService fee (annual amount or rate)
Less than £7,5000.35% if you have a regular savings plan or £45 if you don't
Less than £7,500, held in a Junior ISA/SIPP0.35% if you have a regular savings plan or £25 if you don't
£7,500 or more but less than £250,0000.35%
£250,000 or more but less than £1 million0.20%
£1 million+0.20% a year for the first £1 million and no service fee for investments over £1 million. This means the maximum fee you will ever pay for all of your personal accounts is £2,000 a year.

The same service fee is charged across all of your investments. So, if you hold £300,000 - the fee would be 0.20% across the full amount, and not 0.35% on investments under £250,000 and then 0.20% a year on the remaining £50,000. For exchange-traded instruments including investment trusts, this is capped at £45. There is no service fee for these investments held in the Fidelity Investment Account.

How and when we take our fee

We calculate the service fee at midnight on the first of every month and deduct it around the 15th of the following month.

We include any joint accounts when we’re adding up all your investments to work out what service fee rate you pay, ensuring the lowest possible charge.

The total value is then divided by 12 to determine the monthly amount that’s taken from your individual account.

We’ll take the service fee directly from your cash account, so we recommend always having cash in that account. If you don’t have enough, we’ll take it from your largest investment by value and by asset class – for example we will take the fee from the largest fund before we take it from an Exchange Traded Fund or Investment Trust.

Putting it into practice

Here are some scenarios, for illustrative purposes only, that show how we would calculate what you would be charged. If you have less than £7,500 in total there will be a flat fee of £45 a year (£25 for Junior ISA and Junior SIPP), although this changes to 0.35% if you have a monthly regular savings plan (RSP). We will usually collect this fee in arrears in monthly instalments of £3.75 (or £2.08 for Junior ISA and Junior SIPP).

Example of what you could pay
Amount investedAnnual service fees with monthly RSPAnnual service fees without monthly RSP
£5,000£17.50 (0.35%)£45 (flat fee)
£7,499£26.24 (0.35%)£45 (flat fee)
£7,500 £26.25 (0.35%)
£12,500 £43.75 (0.35%)
£20,000 £70.00 (0.35%)
£55,000 £192.50 (0.35%)
£249,999 £874.99 (0.35%)
£250,000 £500.00 (0.2%)

Fidelity fees on multi-linked accounts

The fees mentioned above are for investments held directly with Fidelity.

If you hold some investments through a financial adviser, then the charges will be different from the ones you hold directly with us.

We suggest you speak with your financial adviser to find out more about what charges and fees will be applied.

Read the guide

Find out more about our fees and charges

Download our Fidelity Pricing Guide
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These guidance tools are not a personal recommendation in respect of a particular investment. If you need additional help, please speak to a financial adviser. You should regularly reassess the suitability of your investments to ensure they continue to meet your attitude to risk and investment goals.