The Best Junior SIPPs in 2024
Our top pick
Broker | Annual Fee | Trading Fee | Minimum Investment | JSIPP Rating* |
---|---|---|---|---|
Fidelity | £0 | £0 for index funds £7.50 for other trades | £20 per month | 9.2 |
If we were opening a Junior SIPP in the 2024/25 financial year, we’d probably go with Fidelity.
This is because:
- We passively invest in index funds
- We don’t actively trade shares
- Based on the two points above, Fidelity would charge us no fees for our Junior SIPP
While the number of options in the JSIPP market is very limited, having a fee-free option would make Fidelity stand out even if there were thousands of JSIPP providers.
You would incur fees if you wanted to invest in ETFs or shares. If this is something you’d be looking to do, you can estimate your annual fees via their calculator here — use their Junior ISA option, but remember that the annual Junior SIPP contribution limit is £2,880 (rather than £9,000 for JISAs).
Other options
Below are a selection of other brokers that offer Junior SIPPs.
Please remember that you’re in control of your own investment decisions, and the opinions on this page are just the opinions of the Financial Interest team.
Broker | Annual Fee | Trading Fee | Minimum Investment |
---|---|---|---|
AJ Bell | 0.25% for funds* 0.25% capped at £10 for shares | £1.50 for funds £5 for shares* | £25 per month |
Hargreaves Lansdown | 0.45% capped at £200 | £0 for index funds £5.95 per trade on other investments (shares, ETFs, bonds) | £100 lump sum or £25 per month |
We’re unable to test every Junior SIPP on the market, but we have tried our hardest to carry out most of the research you might need if you were opening one today.
Our process includes manually checking the fees of every JSIPP at every broker, as well as scrutinising terms.
The only Junior SIPP we could find that we didn’t include in this guide is with Bestinvest. We couldn’t list them in good faith due to a lack of transparent pricing. Their site states 0.2% fees on ready-made portfolios and US shares, and 0.4% on DIY portfolios, both of which can be reduced if your balance is greater than £250,000.
However, after noticing the asterisk next to the fees, we checked the website’s fine print and had a chat with a customer service representative on live chat. They confirmed the actual fee is much higher than stated: a minimum of £120 (£10 per month).
We are not qualified financial advisors and this is not financial advice. Investments can rise and fall in value. Capital at risk.