Fidelity Junior SIPP

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

A Fidelity Junior Self-Invested Personal Pension (Junior SIPP) is a tax-efficient way to start building a nest-egg for your child.

Open Junior SIPP

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. Withdrawals from a Junior SIPP will not be possible until the child reaches age 55.

Start saving for your child's retirement today

Thanks to long-term growth potential and the effect of compounding, investing just £3,600 when your child is born can make a huge difference in their old age. And, thanks to government tax relief, the initial investment will only cost you £2,880.

Investment growth shown from birth to retirement.

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.

Clear and simple pricing

Our pricing has no hidden charges or fees, so you know exactly what you pay for and when you pay it.

Children’s account fees

  • One flat-rate fee of £25 a year if you’ve got less than £7,500 invested – that’s only £2.08 a month
  • Or a standard service fee of 0.35%
  • Drops down to 0.2% if you’ve more than £250,000 invested

How Junior SIPP works

Parent and girl

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

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

Grandmother and Grandchild

You, or anyone else, can contribute up to £2,880 a year.

This amount will benefit from the government’s 20% tax relief.

Coffee and cake

Tax relief on £2,880 means we claim and add another £720 from the government.

This means up to £3,600 can be put into the Junior SIPP during the 2017/18 tax year.

18th birthday cake

Control over the investments passes to the child when they turn 18.

The money is locked away until retirement age (usually after 55) at which point there will be a few ways to take the pension.

The value of investments can go down as well as up, so you may get back less than you invest. This information is not a personal recommendation for any particular product, service or course of action. Pension and retirement planning can be complex, so if you are unsure about the suitability of a pension investment, retirement service or any action you need to take, please contact Fidelity’s Retirement Service on 0800 084 5045 or refer to your financial adviser.  Eligibility to invest into a SIPP or Junior SIPP depends on personal circumstances and all tax rules may change in future. Pension money cannot usually be withdrawn until age 55.