Hargreaves Lansdown Junior SIPP Review
Account: Hargreaves Lansdown Junior SIPP
Description: We have ranked Hargreaves Lansdown as the best junior SIPP in 2024, 2023 and 2022 due to its market range and added value. Through the HL Junior SIPP, you can invest in a wide range of UK shares, international shares, investment funds (there are over 4,040 funds on the platform), investment trusts, ETFs, and bonds.
Capital at risk.
How much does Hargreaves Lansdown charge for Junior SIPP?
It’s free to buy funds for your children’s future with Hargreaves Lansdown’s junior SIPP, which can help them take control of more money for their retirement when they reach 18, but HL charges a 0.45% account fee for a Junior SIPP and 0.45% capped at £200 per year
The annual charge for holding funds is 0.45% for the first £250,000. Shares are charged at £5.95 (plus FX fees for overseas shares).
There are three ways to open an HL JSIPP:
- Add a one-off lump sum of £100 or more.
- Set up a direct debit from as little as £25 a month.
- Transfer a child’s pension from another provider.
Hargreaves Lansdown can sometimes be expensive compared to competitors, but there are only a few providers that offer Junior Self Invested Personal Pensions, and with HL you get what you pay for. Which is a well established provider that offers excellent research and access to small cap stocks and international markets.
Pros
- Huge range of investments
- £1 minimum deposit
Cons
- 0.45% account fee relatively high
- Pricing (4)
- Market Access (5)
- Online Platform (5)
- Customer Service (5)
- Research & Analysis (5)