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Important information - A Junior SIPP is a type of pension for parents and guardians happy to make investment decisions on their child’s behalf and isn’t usually accessible until age 55 (which will rise before the child reaches retirement). Pension and tax rules can change, and benefits depend on individual circumstances. If you’re transferring a child’s pension, check fees first and make sure they won’t lose any valuable guarantees or benefits. If you’re not sure if an investment is right for a child, please seek financial advice. Remember, investments can go down in value as well as up, so the child could get back less than invested.

    What is a Junior Self-Invested Personal Pension (SIPP)?

  • Secure a child's financial future by investing up to £3,600 a year in a pension, free from UK income and capital gains tax.
  • Boost their savings with 20% tax relief on every contribution you make.
  • Savings are locked until retirement age (currently 55 but likely to increase), keeping the money safe from early spending.
  • Benefit from the power of long-term investment growth – choose your own investments or go with our expert-managed Ready-Made Pension Plan.

Tax rules can change, and benefits depend on individual circumstances.

Learn more about Junior SIPPs

Join the UK's largest direct SIPP provider

  • Trusted with £48.9bn of pensions

  • Multi-award-winning SIPP

  • Flexible contributions at your own pace

Open a Junior SIPP

Transfer a child's pension

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Where can you invest?

Pick your own investments

Choose from thousands of funds, UK and overseas shares, investment trusts and more to match your personal values and goals.

Expert investment ideas

See the latest funds chosen by experts to help you pick your own investments with confidence.

Ready-made pension plan

A hassle-free, expert-managed option. The HL Ready-Made Pension Plan is a simple, low-cost investment solution.

How to open an HL Junior SIPP

A parent or legal guardian must complete an application form on behalf of the child and set up a Direct Debit starting from as little as £25 per month, or make a one-off payment of £100 or more.

You can also transfer an existing child's pension from another provider.

Open a Junior SIPP Transfer a child's pension

HL Junior SIPP charges

Free to set up with low running costs. Plus, no charge to withdraw money from age 55.

Our annual charge is no more than 0.45% for holding investments. Some investments will have their own annual charges.

Buying and selling funds is free, but other investment types may have their own charges based on the type and frequency of trading.

See full charges

I think of HL as the Waitrose of the financial world. They are good value and provide me with a good service.

Alan

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  • Manage your family's HL accounts from your own login
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Trusted by thousands of parents, grandparents and guardians

You can really set them up a nest egg for the future. I look after my nephews' and nieces' money. I can access them through my own account with the linked accounts service.
My children are 14 and 17 and they’ve also both got Junior SIPPs with HL. It’s a really good way for me to future proof their future.