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Child SIPP

Our Child SIPP offers all the flexibility of a SIPP, with the peace of mind that comes from knowing you're helping your clients create a useful pension pot for their child. The Child SIPP can be financed by just your client, or with help from friends and family who want to invest in the child's future.

What are the main benefits?

  • If your client pays £2,880 HMRC will top this up to £3,600
  • Access via i.nvest to an extensive range of investments including:
    • 1400 + funds
    • UK investment trusts, including AIM securities
    • UK and international equities
    • Exchange Traded Funds (ETFs)
    • UK government gilts and fixed interest securities
    • Convertibles, debentures and loan stocks
    • Cash on deposit
    • Preference stocks

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. Currently the child cannot access their benefits until age 55, but pension law may change in the future.

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Charging Structure

We understand that a Child SIPP, especially in the early years, is likely to have lower fund values, so it's important that the administration fees are kept as low as possible.

We believe that charges should be transparent and should reflect what we do for you.

There's no establishment fee but there is an annual administration charge of £50 + VAT. However, if the Child SIPP only holds Alliance Trust PLC shares will also include two free trades each year. Please refer to our Schedule of Fees.

How to Apply

A Child SIPP can be opened by any person over the age of 18 who has parental responsibility for a child under the age of 18.

Please complete the Child SIPP Application Form.

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, with the person with parental responsibility being given online access to manage the account on behalf of the child.

If your client would like you to access their account online and or make investment decisions and maintain their account, please ensure that you complete the Third Party Authority Form.

Our Literature Library contains all forms and documents relating to our Child SIPP.

All completed forms should be returned to:

Alliance Trust Savings Ltd
PO Box 164
8 West Marketgait
Dundee
DD1 9YP

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Once the Child SIPP is set up, we will send your clients a Personal ID and PIN to allow them to manage the account on behalf of the child, through our i.nvest service.

i.nvest is easy to use and enables your clients to:

  • Manage investments
  • View valuations
  • View all the assets held within the Child SIPP
  • Buy and sell individual holdings

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