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Child savings

It's natural to want to provide for your child financially.
Here's how we can help.

A choice of 3 accounts

Junior ISA
A tax efficient savings vehicle which allows you to save up to £4,128 for the 2017/18 tax year. The account is for the benefit of the child and therefore held in the name of the child, and all cash and investments belong to them. Normally you cannot access the funds until the child is 18 except in the case of death or terminal illness.

First Steps Investment Dealing Account
There are no investment limits on a First Steps IDA, but no tax advantages either. You control when the Child gets access to the investments.

Child SIPP
This is a tax-advantaged way to save for your child's later life. You can invest up to £3,600 this tax year (you pay £2,880 and we claim £720 tax relief for you). Your child has control over the account from the age of 18 but can't access their savings until later in life. There is also no Capital Gains tax or Income tax.

Important information

Please remember the value of your investments and any income from them can go down as well as up and you may get back less than the amount you originally invested. All investments carry an element of risk which may differ significantly. If you are unsure as to the suitability of any particular investment or product, you should seek professional financial advice. We can't give you financial advice.

Laws and tax rules may change in the future without notice. The information here is our understanding as of March 2017. This information takes no account of your personal circumstances which may have an impact on tax treatment.

Related documents

Visit our dedicated Child Savings literature page.

Existing customer?

Looking to top up a child savings account?

The easiest and quickest way for all our child savings accounts is our 24-hour online service. Log in using your Personal ID and password and pay by debit card.

Or call us on 01382 573737.

Calls may be recorded for training and security purposes.
Top up now

Happy for your child to access their investments from age 18?

Yes? You might want to look at our Junior ISA. Tax advantaged savings up to £4,128 each tax year.
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Do you want to keep your child's investments for much later in life?

Yes? Then a Child SIPP might work for you. Tax advantaged savings up to £3,600 each tax year.
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Is your priority to stay in control and give access when you feel the time is right?

This is where our First Steps IDA can come in. No tax advantages, but no savings limits either.
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Why save with Alliance Trust Savings?

Experience and scale.

We've been in business since 1986, have £15 billion of assets under administration (at May 2017) and look after the investments of more than 100,000 customers.

Award winning service.

Winning the 2016 Shares Award for Best SIPP provider has been a great achievement for us as a company, and is all the more special since it was voted for by our customers. Visit our trophy cabinet.


You can access more than 4,000 different investments.

Account fees that don't grow with your investment.

We charge you flat Account fees rather than fees based on a percentage of the value of your investment. So, as your investments grow, your Account fees won't.

And convenience for you.

You can manage everything together in one place, with 24/7 access to your Account online.
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Alliance Trust Savings Limited is a subsidiary of Alliance Trust PLC and is registered in Scotland No. SC 98767, registered office, PO Box 164, 8 West Marketgait, Dundee DD1 9YP; is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, firm reference number 116115. Alliance Trust Savings gives no financial or investment advice.