With our straightforward approach it's easy to set up and manage a children's pension. You choose how much and how often to invest, we do the rest.
|Eligibility||You must be over 18 and be the child's legal guardian. Both you and the child must be UK residents.|
|Access to pension pot||When your child reaches age 55|
|Tax relief||Contributions of up to £2,880 per year are automatically topped up by 25% Show tax relief help - link opens in a new window|
Close tax relief help window You can open a pension for each of your children, and for each child you can save up to £2,880 tax efficiently per year.
The government will automatically top up the pension pot by 25% (e.g. turning £2,880 into £3,600). Contributions over £2,880 are allowed but receive no tax refund.
Contributions into a child's pension has no impact on your tax status. If your child has their own relevant UK earnings then they may be able to receive a tax refund on higher amounts.
Speak to us for details if this applies to you.
|Regular payments||Start and stop your payments or change your payment amount whenever you need to.
This may reduce the amount your child gets back from their pension.
|Can relatives contribute? (e.g. grandparents)||Yes|
|Annual management charge||Ongoing charge of 0.60% of the value of your fund|
|Service||24/7 online access and UK-based call centres|
|FSCS protection||Up to £85,000 of your pension is protected by the Link opens in a new window FSCS|