Open a Junior SIPP

Important information - please keep in mind that the value of investments can go down as well as up, so you may not get back what you invest. Eligibility to invest in a Junior SIPP depends on personal circumstances, and all tax rules may change in the future. Once the child turns 18, control over the investments passes to them, and withdrawals will not usually be possible until they reach 55 (57 from 2028). 

Before you start, please make sure you have the following:

• Your National Insurance number
• Child's National Insurance number if they're 16 or above
• Child’s agreement to the tax relief declaration – the child must be present to provide their confirmation if possible.

Once the account is open, you’ll be able to contribute by:

• Making a single payment via debit card, bank transfer or cheque
• Additionally, if you want to set up regular contributions or request payment from a third party, you can download a form at the end of the application.

You must be the child's parent or guardian to open a Junior SIPP, but once it's open, anyone can pay in. We don’t charge any service fee for junior accounts. However, there may be ongoing fund charges and other fees depending on your choice of investments.

The Junior SIPP allowance for the tax year 2024/25 is £3,600, but you only need to contribute up to £2,880 a year and the government will add £720 towards it as basic tax relief.

Important information - please note that this information is not a personal recommendation for any particular investment. If you are unsure about the suitability of a Junior SIPP for your personal circumstances, you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice.