Child SIPP

Give a child a great start to their pension savings with a tax efficient Child SIPP.

What are the main features?

  • Wide range of investments including unit trusts, OEICs, investment trusts, ETFs, UK equities, gilts and bonds
  • If your client pays £2,880 HMRC will top this up to £3,600
  • Low annual account charge and no initial charge
  • Flexible adviser charging options
  • View valuations, produce statements, trade and make secure requests online

There is no maximum limit on the amount your clients can invest through our Child SIPP, although tax relief is restricted to £3,600 of contributions. Regular and or lump sum payments can be made from as little as £50. The child cannot access their pension until they are of minimum pension age which is currently age 55 but is proposed to increase with the State Pension Age from 2028. Laws and tax rules may change in the future without notice. The information here is our understanding at March 2016. This information takes no account of the child’s personal circumstances, which may have an impact on tax treatment.

With the rising cost of living and the changes to State Pension Age, it's never too early to start saving
  • Charging Structure
  • How to apply

Our charging structure is clear and transparent with flat rate charges, so you and your clients can see exactly how much they are paying.

We regularly review our charges and may alter them to reflect changes in our costs.

We do not have a set-up fee and we offer a flat fee approach to charges, meaning as your client's investment grows, their account charges won't. For further details of all our charges, please see our Charges Guide.

Product Charge Online trading fee
Child SIPP £80 plus VAT (£96) a year £9.99

To complete the process of applying for a Child SIPP for your client you must return a signed and completed Application Form to us. Once the Account is set up, you can manage the account online.

It is assumed that your client will be the person with parental responsibility for the child. It is important that the interests of the child and the parent/ guardian are taken into account when opening a Child SIPP.

The account will be set up in the name of the child.

All completed forms should be returned to:

Alliance Trust Savings Ltd
PO Box 164
8 West Marketgait