Junior SIPP
Charges
Annual account charges
The HL Junior SIPP is free to set up and low-cost to run. Our yearly charge for holding investments is never more than 0.45%. There’s no charge for inactivity or for holding cash.
You can see the interest rates paid on any cash held in a Junior SIPP here.
Funds
| Value of funds | Charge |
|---|---|
| On the first £250,000 | 0.45% |
| On the value between £250,000 -£1m | 0.25% |
| On the value between £1m - £2m | 0.1% |
| On the value over £2m | No charge |
Shares
Including UK and overseas shares, investment trusts, exchange-traded funds, VCTs, gilts and bonds.
Important note about charges
The investments you choose may have their own charges, such as charges from a fund manager. These are in addition to our account charges. You can find these in each investment’s key investor information. A bid/offer spread may also apply - see our Guide to Fund Prices for details.
Example of HL account charges
If you invest £15,000 in funds and £5,000 in shares, your account charge would be £7.50 per month*.
Annual charge (0.45%)
Annual charge (0.45%)
*The monthly charge will depend on the exact value of your account each month. To keep things simple here, we didn't include any investment growth.
Dealing charges
Fund dealing
Includes unit trusts and open-ended investment companies (OEICs). There’s no dealing charge for buying or selling funds.
Share dealing – online and mobile app
Just £5.95 per deal including UK and overseas shares*, investment trusts, exchange-traded funds, gilts and bonds.
*There’s an added foreign exchange charge for overseas share deals, depending on deal size. See our overseas share dealing page for details.
Automatic reinvestment
If you’d like any share income automatically reinvested, we’ll reinvest your income when it reaches £10 per holding or the amount you choose. There’s no charge for this.
Other charges
Other charges may apply in specific circumstances - see the terms and conditions for details.
Charges FAQs
How are charges paid?
There’s no need to remember to make any payments – we’ll automatically take our charges each month. You’ll need to keep cash in your account to pay any charges – there is a suggested minimum cash balance based on the size of your child's Junior SIPP, but you can hold as much cash as you like.
What happens if there’s not enough cash to pay charges?
If you don’t have enough cash in your account to cover charges, we’ll first try to collect charges using any loyalty bonuses you received on investments you bought before 1 April 2014.
After that, we’d take charges using any cash in your Fund & Share account, if you have one. As a final resort, we’d sell holdings in your child's Junior SIPP to cover any charges and restore the suggested minimum cash balance. There is no additional charge for this. We will normally sell units of your largest fund holding first.
Important information
The charges above don’t include the cost of any advice you might need. If you need financial advice, our adviser would agree this cost with you separately.
My children are 14 and 17 and they’ve both got Junior SIPPs with HL. I started investing for them in 2011 and I saved the maximum into their accounts each year. It’s a really good way for me to future proof their future.Alan
Boring Money Awards 2023
Boring Money Awards 2022
The Times Money Mentor 2022
Help and support
If you have any questions about the Junior SIPP, you can speak to one of our client support experts by calling 0117 900 9000.