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Long-term, tax-efficient investing for your child
HM Revenue & Customs rules allow you to open a Self Invested Personal Pension (SIPP) on behalf of your child, contributing up to £3,600 per year. Contributions are eligible for tax relief.
Our Child SIPP Dealing account enables you to invest in a wide range of SIPP-eligible investments, buying and selling what you want, when you want in order to give your child’s retirement planning a great start. And whilst it may seem a long way off, the longer you can save, the greater the potential for capital growth.
You can choose your own pension trustee/administrator (if you’d like some ideas check out the special arrangements we have with 3 providers) and we will treat you, the parent or guardian, as our point of contact enabling you to manage the investments until the child reaches 18. At 18, the child takes control of the SIPP but the assets must remain in the pension until retirement.
Our Child Trust Fund accounts enable your child to share in the potential of the stock market. Our Self select Share CTF gives you choice and control over where and when you invest. And our Index Tracker CTF provides a simple, straightforward alternative, enabling you to benefit from the rise in the FTSE All-Share Index without having to monitor or manage individual investments.
Investing in your childrens' future is a worthwhile thing to do. But you need to look to your own future too!
Our SIPP Dealing account can help you to do just that.
Plus for shorter-term, but tax-efficient investing, check out our ISA service – use your annual £7,200 ISA allowance to good effect - no CGT liability and no additional income tax to pay on investment income.
Please remember: The value of investments may fall as well as rise and you may get back less than you originally invested. Limited liability instruments mean that you cannot lose more than you have invested. The risks associated with different instruments will vary: you should choose investments appropriate to your needs and consider your overall mix of different investment types.
Please note that not all investments are available in all account types.