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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.
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 service fee is not payable on any cash you hold in a self-invested personal pension (SIPP) if:
- You received a letter from us saying that your SIPP has been moved to our new system
- Or, you opened your SIPP on or after 27 March 2019 and you were 53 years old or younger at that time.
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 investments | Service fee (annual amount or rate) |
|---|---|
| Less than £7,500 | 0.35% if you have a regular savings plan or £45 if you don't |
| Less than £7,500, held in a Junior ISA/SIPP | £25 |
| £7,500 or more but less than £250,000 | 0.35% |
| £250,000 or more but less than £1 million | 0.20% |
| £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 the first £249,999 and then 0.20% a year on the remaining £50,001. 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.
Service Fee Charges on SIPP Cash
Cash in the Fidelity SIPP is currently held either in a ‘SIPP Cash Account’ or as ‘Cash Within Your Account’.
If you have NOT yet received a letter from us saying your Fidelity SIPP has moved to our new system, you will have a SIPP Cash Account.
If you have received a letter from us saying your Fidelity SIPP has moved to our new system, you will have ‘Cash Within Your Account’.
SIPP Cash Account
In addition to our standard service fee, we reserve the right to retain part of the interest we receive from the bank(s) we deposit your money with to cover the cost of administering these cash balances.
Cash Within Your Account
We currently don’t charge a service fee on Cash Within Your Account. However, we reserve the right to retain an amount of the interest received from the bank(s) we deposit your money with to cover the cost of administering these cash balances. Please go to www.fidelity.co.uk/cash for further details.
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 invested | Annual service fees with monthly RSP | Annual 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%) | |
These fees does not apply to customers using an adviser please see below.
Fidelity fees if you also use an adviser
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.
