Investing for children

To open a Junior Pension on behalf of a client, please complete and submit one of the application forms shown above (it’s not currently possible to open a Junior Pension online). However, an illustration can be produced online and a pre-populated application form is automatically generated during this process.

A client can invest a minimum of £1,000 as a lump sum contribution, while a regular savings plan can be set up for a minimum of £50 per month (£40 net).

Parents, guardians and third parties can make payments by bank transfer or by cheque (if paying by bank transfer, please allow for the application to be received by us before sending the money across). We cannot accept employer contributions into a Junior Pension.

The current annual contribution limit is £3,600, which includes tax relief. So, a client can put up to £2,880 a year into a Junior Pension and the Government will add tax relief at 20% to make this up to £3,600.

Parents, guardians and third parties can make payments by bank transfer or by cheque (if paying by bank transfer, please allow for the application to be received by us before sending the money across). We cannot accept employer contributions into a Junior Pension.

Top ups for Junior Pensions can only be submitted via a paper-based application form, although this is automatically generated if an illustration is prepared online.

Parents, guardians and third parties can make payments by bank transfer or by cheque (if paying by bank transfer, please allow for the application to be received by us before sending the money across). We cannot accept employer contributions into a Junior Pension.

Yes, they can.

Please note the online journey defaults to cheque as the payment method. However, you are prompted to download an application form within this journey and this gives the third party the option of paying by either cheque or bank transfer.

Yes, the application form is available through our online Quote & Transact journey.

Yes, we can process partial cash transfers out on uncrystallised accounts (we do not support partial re-registrations out).

Our annual Service Fee of 0.25% on assets held applies, although no Investor Fee is charged on Junior Pensions.

Ongoing management charges on the funds held within the Junior Pension also apply as do dealing charges for exchange-traded investments.

More on our charges

The account is held in the child’s name and the guardian will be a third party on the account.

The client will receive a welcome pack and an anti-money laundering verification form.

No, it is not possible to link a Junior Pension to a model portfolio.

An Adviser fee can be set up as part of the ‘Pension Quote & Transact’ within Client Management. Please download the form which appears within this journey. This form can be sent to us using our Upload & Send service. Please select “Firm” from the main menu, followed by “Upload & Send Documents” and then “Upload Documents”.

Switching is available online via 'Quote and Transact' within Client Management. Cash and exchange-traded investments can be included in both the buy and the sell side of your switch instruction.

Income from a Junior Pension can be either reinvested or kept as cash within the Fidelity cash account.

When the child turns age 18, the Junior Pension will convert into an adult Fidelity Pension (the funds will remain invested). From this point, the child (now an adult) will be the only person able to act on the investment. The client will still be linked to your firm but any ongoing fees will be switched off. A client authority form will need to be signed by the adult before a new fee can be set up online.

Third party regular contributions to a Junior Pension will carry over and continue within an adult Fidelity Pension.

Withdrawals can normally only be made once the client has reached age 55 (this is due to rise to age 57 on 6 April 2028), although there are exceptions.

We can return contributions under certain conditions (for example, if the client has contributed a sum more than they are eligible to receive tax relief on). In addition, if the client becomes terminally ill with less than 12 months to live, they may be able to take a serious ill health lump sum.