Starting a child pension

To apply call 0845 272 8810

Help your child save for later life

Why choose a pension for a child?

Using our straight-forward Stakeholder Pension, you can start putting money aside for a child’s retirement. The payments you make have a great potential for growth. That’s because their retirement is such a long way off, and they can't access the money until they reach retirement age.

You can aim to give a child a fantastic head start in providing for their future. They’ll hopefully thank you later.

  • Reduce the burden – you could help your child or grandchild to reduce the amount of their salary they need to pay into a pension
  • Get a head start - when the child starts earning, they can add to the fund. 

As with any investment, the value of the fund can go up or down and may be worth less than what was paid in.


Valuable tax relief

  • The government adds 20% tax relief to pension payments into your child's plan, effectively boosting payments
  • The good news is that you don't have to do anything - we'll claim the tax relief and automatically add it to the child’s plan. That's definitely something worth having

How payments into your child's plan are boosted by basic rate tax relief
You invest Tax relief adds Your child’s pension gets
£16 £4 £20
£240 £60 £300

  • If your child or grandchild is a higher or additional rate taxpayer, they may qualify for extra tax relief. If this is the case, they’ll need to claim the additional tax relief through their tax return.

HM Revenue & Customs Limits

Payments into pensions for children only attract tax relief if they are within 100% of the child’s relevant UK earnings for the tax year concerned (or £3,600 if greater). Tax charges may apply if you exceed the Annual allowance. Further information regarding Annual allowance is available in the Standard Life Stakeholder Pension Key Features (PDF, 205kb).

Laws and tax rules may change in the future. The information here is based on our understanding in September 2012. Your personal circumstances also have an impact on tax treatment.

To apply call 0845 272 8810

To apply call 0845 272 8810

Risks and limitations

  • Your child cannot normally access the money until age 55
  • As with any investment the value of your fund can go up or down and may be worth less than what was paid in
  • You cannot cash in the pension plan at any time

For a full list of the risks and commitments please see the Standard Life Stakeholder pension Key Features (PDF, 205kb).

To apply call 0845 272 8810

To apply call 0845 272 8810


  • You can invest up to £240 a month. The tax man then tops this up to £300 with basic rate tax relief, assuming the child has no form of taxable income
  • If the child has relevant UK earnings, you can pay in up to the amount of these earnings each tax year (net of basic rate tax at 20%)
  • More than one of you can pay into the child's plan, so long as you don't go over these limits
  • You can pay into a plan for as many children as you want. You can make payments for your own children, grandchildren, nieces, nephews and godchildren or even children of family friends
  • The child must be a UK resident

To apply call 0845 272 8810

To apply call 0845 272 8810

Your investment choices

  • You can only invest in 12 of our funds at any one time. If you choose to invest in a lifestyle profile, you cannot combine this with any other fund or any other lifestyle profile
  • The value of the investments within your child's plan will vary, depending on factors such as how long you're investing for, your investment choices, the performance of your investment choices, how much you pay in and our charges
  • The value of investments can go up and down, and your child's fund may be worth less than what was paid in
  • Of course, selecting the right fund can be complicated so we strongly recommend you seek financial advice. There may be a cost for this. You can find an adviser near you. Alternatively you can call Standard Life Direct on 0845 272 8810 (call charges will vary)

Standard Life Direct only advise on, and sell products from subsidiaries of Standard Life Plc and some external providers

To apply call 0845 272 8810

To apply call 0845 272 8810



There’s an annual charge of 1% of the value of the child’s fund. So if the child’s fund is valued at £7,500 throughout the year, we will take a charge of £75 that year

The bigger your fund, the lower the charge

If the child’s fund is over £25,000, we reduce the effect of the charge – by adding extra units to the fund each month. This works out at 0.1% of your fund over the year. If the child’s fund is over £50,000, we’ll add extra units to the value of 0.2% each year

Charges are regularly reviewed and may be increased to reflect increases in overall costs and/or changes in the assumptions made. However, as the Government has set a maximum charge that can apply to Stakeholder pensions (currently 1.5% each year for the first 10 years and 1% each year after that), the charges on your plan cannot exceed these limits. These Government limits could change in the future.

To apply call 0845 272 8810


What will £1,000 today buy after 30 years of inflation?

Need some help? Call us on 0845 272 8810

Monday to Thursday 09:00 - 19:00

Friday 09:00 - 18:00

Saturday 10:00 - 13:00

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