In this section
Start saving just a small amount now on behalf of a child to make a real difference to their future.
Important information - 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 passes to the child once they turn 18 and withdrawals will not normally be possible until they reach 55 (57 from 2028). Please note that our guidance tools are not a personal recommendation in respect of a particular investment. You should regularly reassess the suitability of your investments to ensure they continue to meet your attitude to risk and investment goals. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice.
Giving your child a head start
A tax-efficient way to build a retirement nest egg for your child. The Junior SIPP allowance for the 2023/24 tax year is £3,600, and you have until 5 April 2024 to use it. Control of the pension passes automatically to your child at 18, however the money is locked away until retirement age (usually 55, 57 from 2028).
Begin saving today
Make a single payment or pay later through a regular savings plan starting from just £20 a month. Friends and family can gift money too.*
No service fee
We don't charge a service fee on junior accounts
Here to help
Our UK and Ireland-based call centres are open six days a week.
A wealth of choice
Choose from thousands of funds and shares to invest in.
Including insights and planning tools to help you on your way.
Always at your fingertips
Manage investments 24/7 with our secure online service and apps
*To pay in a total of £100 to your Junior SIPP, you will only need to contribute £80, and the government will pay the other £20.
How a Junior SIPP works
How much can you save?
- Contribute up to £2,880 a year and the government will add £720 basic tax relief (20%) taking the total up to £3,600
- Make a single payment online via debit card, bank transfer and cheque
- Start a regular savings plan from just £20 a month, or request a third party payment
A world of investment options
- there are over 3,000 funds
- Large selection of UK and International shares, growing all the time
- Investment trusts and exchange-traded funds (ETFs)
- Investment solutions from our experts
With you every step of the way
- Get expert guidance emails and articles to help you invest
- Receive a statement and valuation every six months to help keep track of your investments
- Manage your Junior SIPP 24/7 online or on our app
Let’s get started
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.
Open a Junior SIPP
You can open a Junior SIPP and then choose to make a single payment, request a third party contribution or start a regular savings plan.
Transfer a Junior SIPP
Transferring a Junior SIPP can help you track your savings and plan for your family’s future more effectively.
Your Junior SIPP checklist
Please print, complete and post the Junior SIPP form below.
You will need:
- Bank or building society details of everyone who intends to pay into the Junior SIPP
- The code or name of any investments in the Junior SIPP
Junior SIPP FAQs
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of a Junior SIPP for your personal circumstances, you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice.
Your Junior SIPP checklist
If you’re ready to proceed, you'll need:
- Your National Insurance number
- If the child is 16 or above - Junior's National Insurance number and their agreement to the tax relief declaration. The child must be present to provide their confirmation.
Once the account is open, you’ll be able to contribute by:
- Making a single payment via debit card, bank transfer or cheque
- If you want to set up regular contributions by direct debit or request payment from a third party, a form will be available to download at the end of the application.