Skip to main content
Search

Junior personal pension

Start planning for their future today

Did you know that our Collective Retirement Account (CRA) is also available for children?

A junior personal pension can be a powerful way to give a child a head start towards their future. The Quilter CRA offers the same investment options available to adult pension investors, helping families save for the years ahead.

One of the key benefits is simplicity. The account is opened in the child's name and remains the same pension throughout their life. Unlike some children's products, there's no need to transfer or convert the account when they turn 18. Responsibility simply passes to them when they reach adulthood.

Why consider a junior pension?

  • Save for a child's long-term future in a tax-efficient pension
  • Benefit from tax relief on eligible contributions
  • Family members, including parents and grandparents, can contribute.
  • Access the same investment choices available through our CRA
  • No account conversion required at age 18

Tax treatment depends on individual circumstances and may change in the future.

Benefits of family linking

  • If your family members also invest with us, you can link your assets with theirs and enjoy a lower effective charge for every person linked.
  • Up to four generations of family members can be linked.
  • Each family member’s charge is based on the total value of all products held on our investment platform and the CashHub, by the family members who are linked.

Please be aware, linked family members will need to be with the same financial adviser.

  •  

1. Who can open a junior pension?

The Quilter Collective Retirement Account has no minimum age requirement.

Under HMRC rules, a parent or legal guardian must open the account on behalf of a child and make the necessary declarations. The pension is held in the child's name, and the parent or legal guardian acts as the registered contact until the child reaches age 18.

When the child turns 18, responsibility for the account automatically transfers to them. No transfer or conversion of the pension is required.

2. Who can contribute?

Contributions can be made by parents, grandparents and other family members, subject to pension contribution limits and HMRC rules.

For children with no earnings, up to £2,880 can usually be contributed each tax year. HMRC then adds basic-rate tax relief, increasing the total contribution to £3,600.

3. When can the money be accessed?

A junior pension is designed for long-term retirement savings.

Money invested in the pension cannot normally be accessed until the minimum pension age that applies when benefits are taken. This makes it a long-term investment intended to help support a child's future retirement plans.

Approver: Quilter, October 2026.

QIP 24301/206/18680