With each generation on average living longer, more children born today are living until 100 – and with longer lives, client planning has arguably never been more important.1
Whether your Aegon Retirement Choices (ARC) clients are looking at ways to give a child a head start, or to help with their tax-efficient intergenerational wealth planning, our junior products are here to help secure a pathway towards a child's financial future.
1 Past and projected period and cohort life tables - Office for National Statistics. Data source: Office for National Statistics. February 2025.
Junior SIPP
Our Junior Self-invested Personal Pension (SIPP) is here to help clients plan towards a financial future for their child. Available to open from birth up until the day before the child's 18th birthday.
Junior ISA
Coming soon.
Our Junior SIPP is available with no platform charges applied until the child reaches 18 years old, to offer a tax-efficient savings vehicle to help your ARC clients prepare a child towards a financially secure future.
No platform charges applied
Our Junior SIPP is available to open with no platform charges applied until the child turns 18 years old. Other charges will apply.
Pensions tax relief
Our Junior SIPP allows your clients to contribute as a third-party personal contribution up to £2,880 annually, and the government will add £720 in tax relief – bringing the total to £3,600 a year, depending on individual circumstances.
Longer-term investment growth
Junior SIPPs can allow for long-term growth due to compounding, as the earlier the contributions start the more time the investments have for growth potential.
Financial independence
One in four children born in the UK today are predicted to live to almost 100.1 A Junior SIPP can be a key part of a tax efficient plan to start in building their retirement savings to support the potential for a long lasting life.
Tax-free growth
Investments held within a Junior SIPP grow free from capital gains tax and income tax.
Seamless transition at 18 years old
Once the child reaches 18, we’ll convert the Junior SIPP into a standard SIPP, keeping the investments in the market and allowing the young adult the ability to continue their investment journey.
To open a Junior SIPP, the Registered contact must be a parent or guardian who is an existing ARC or One Retirement client. They will act on behalf of the UK resident child, who will be the account holder.
The child will need to be under the age of 18 and resident in the UK for tax purposes.
Important considerations
Platform charges won’t apply on our Junior SIPP until the child turns 18, when it will convert to our standard SIPP and platform charges will start to apply. Investment fund charges and any adviser charges you receive will apply. Capital at risk.
This information is based on our understanding of current taxation law and HMRC practice, which may change.