Children pensions

Hamiltonc

Anyone aware of no monthly minimum providers for a children's pension?

Baldytyke88

Can you give more details of what you require.

My daughter, at the age of 24 put £500 into a SIPP with Hargreaves Lansdown, with no monthly payment.

The money is invested in the UK stock market.

https://www.hl.co.uk/accounts/partners/sipp?theSource=PCHLS&Override=1&adg=G+HLBS+HLS+SIGCON+EB&gad_source=1&gad_campaignid=81858272&gclid=CjwKCAiAlfvIBhA6EiwAcErpyU-Q7vhiqqgtW2lwy77blwBjKZZJLV7TE2-C41ZO4EkM5HVeGhdjLxoCuFUQAvD_BwE

ComicGeek

Fidelity Junior SIPP doesn't have a monthly minimum if you are making single payments, and no service fee. Minimum £20/month if you are setting up a regular savings plan.

Hamiltonc

Baldytyke88 said:

Can you give more details of what you require.

My daughter, at the age of 24 put £500 into a SIPP with Hargreaves Lansdown, with no monthly payment.

The money is invested in the UK stock market.

https://www.hl.co.uk/accounts/partners/sipp?theSource=PCHLS&Override=1&adg=G+HLBS+HLS+SIGCON+EB&gad_source=1&gad_campaignid=81858272&gclid=CjwKCAiAlfvIBhA6EiwAcErpyU-Q7vhiqqgtW2lwy77blwBjKZZJLV7TE2-C41ZO4EkM5HVeGhdjLxoCuFUQAvD_BwE

It would be small monthly payments, a sipp is fine if low monthly ones 

Hamiltonc

ComicGeek said:

Fidelity Junior SIPP doesn't have a monthly minimum if you are making single payments, and no service fee. Minimum £20/month if you are setting up a regular savings plan.

Yeah it would just be one off payments each month but very little - they have no minimum for this?

Marcon

Hamiltonc said:

ComicGeek said:

Fidelity Junior SIPP doesn't have a monthly minimum if you are making single payments, and no service fee. Minimum £20/month if you are setting up a regular savings plan.

Yeah it would just be one off payments each month but very little - they have no minimum for this?

£20 a month minimum. 

A stakeholder pension accepts payments of £16 minimum (which is then topped up to £20 with the tax relief claimed by the provider and added to the pot). You can make payments at irregular intervals, so if that's more than you want to pay each month, maybe put the cash into a normal savings account (in your name - interest is going to be very little on small amounts so isn't going to make much of a dent in your £1,000 a year Personal Savings Allowance) and then transfer to the stakeholder when it gets to £16? 

You can open one without the need for a financial adviser:

https://static.aviva.io/content/dam/document-library/adviser/pensions/sp01006.pdf