Plain-English guides to Junior SIPPs, the children's pension with a 25% government top-up.
4 articles
You can pay up to £2,880 a year into a child's pension, and the government tops it up to £3,600. How the Junior SIPP allowance works, who can pay in, how it fits with the Junior ISA limit, and when the money can be used.
A Junior SIPP is a pension for a child, and the government adds 25% to every payment. How the top-up works, the £2,880 limit, how tax applies when the money comes out, and what it could grow to.
Age 18 or retirement: access is the real difference between a Junior ISA and a Junior SIPP. Compare the limits, the 25% top-up and who each account suits, with a worked example of using both.
How a Junior SIPP (a pension for a child) works: the 25% government top-up, the £2,880 yearly limit, when the money can be used, and who it suits.