Important information - A Junior SIPP is a type of pension for people happy to make their own investment decisions, and isn’t usually accessible until age 55 (57 from 2028 and likely to rise further by the time your 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 you or your child, please seek financial advice. Investments can go down in value as well as up, so your child could get back less than invested.
Why transfer a child's pension?
As your child grows up, and as time goes on, your family’s needs are likely to change, which may make you want to transfer your child’s pension.
You might find that the current pension provider doesn’t offer the best value for money. Or you might not be able to invest where you want to for your child’s future.
Why transfer to HL?
Transferring a child’s pension to the award-winning HL Junior SIPP (Self-Invested Personal Pension), could help you to track and manage your family’s savings and investments better. Remember though, investments can go down in value as well as up, so your child could get back less than invested.
- Potential for greater returns
The HL Junior SIPP offers a wider range of investment choice than stakeholder pensions for children, which could mean greater potential for your money to grow. - Peace of mind
We’re a financially secure FTSE-listed company, trusted by over 1.9 million clients. We have over 40 years’ experience in empowering families to save and invest for a brighter future.
- Great value for money
Get investment ideas and insights from our team of experts, use the Wealth Shortlist, or pay for personal advice on where to invest. - Easy management
Manage your child’s investments with the HL app. Plus use the linked accounts feature to view your whole family's investments together.
Junior SIPP charges
The annual charge for holding investments in a HL Junior SIPP is never more than 0.45%.
Your dealing and other charges will depend on the investments you choose.
How to transfer a child's pension
Before you transfer, make sure that all your child’s, and your, personal details (including current name and address) are up to date with the existing pension provider. This can help to avoid delays.
1. You complete a transfer application
Once you've read the HL SIPP Key Features (including the Transfer Checklist and Common Transfer Declaration), our Terms & Conditions and Important Investment Notes. Then, you just need to download and complete a transfer form.
Remember to check for any exit fees, and that your child won't lose any valuable guarantees or benefits by transferring.
2. We'll take care of the rest
Once you’ve applied, we’ll contact your current pension provider and start your transfer. We’ll also keep you updated along the way and let you know once your transfer is complete.
Pension essentials
Are you ever too young to have a pension?
Starting a Junior SIPP means a child can end up with substantial retirement savings. Discover how to grow a child’s pension by thousands of pounds.
Junior SIPP calculator
See an illustration of how much a child's pension could be worth at retirement age.
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Help and support
Take a look at our most frequently asked questions for quick answers.
If you need more assistance or have specific questions, please contact us.