Pension for a child

Pension for a child

To apply call 0845 272 8810

Why choose a pension for a child?

You could give a child a fantastic head start by providing for their future. Start investing for a child’s retirement with our straightforward Stakeholder Pension. They’ll hopefully thank you later.

As their retirement is such a long way off, the payments you make will have great potential for growth.

  • Reduce the burden - you could help your child or grandchild reduce the amount of their future salary they need to pay into a pension
  • Give a head start - when the child reaches 16 they can take control of the plan and also make payments but won’t have access to their money until the age of 55
  • Save from just £16 a month with basic rate tax relief on top - increase payments, take a break or move into different funds whenever you want

 Your investment choices

  • You can choose one or more funds from our Stakeholder fund range (PDF, 2.5mb). Or, if you don't want to make the choice yourself, that's fine. We'll automatically invest your payments into our Stakeholder Balanced Managed II Lifestyle Profile
  • You can invest in up to 12 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 the 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

If you’re still unsure, give us a call on 0845 272 8810 and we’ll chat through the options with you.

 Eligibility and conditions

  • 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%) taking into account any personal payments the child may make into a company pension
  • 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
  • Child must be a UK resident

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


There’s an annual charge of 1% of the value of the fund(s) invested in. So if the value of the fund(s) is £7,500, we’ll take a charge of £75 that year. This charge is lower than the 1.5% cap specified by the Government.

The higher the value of the fund(s), the lower the charges

If the value of the fund(s) is over £25,000, we reduce the effect of the charge - by adding extra units to the fund(s) each month. This works out at 0.1% of the value of the fund(s) over the year. If the value of the fund(s) 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.

 Important note

Laws and tax rules may change in the future. The information here is based on our understanding in May 2014. The child's circumstances also have an impact on tax treatment.

Standard Life Direct only advises on, and sells products from subsidiaries of Standard Life plc and some external providers.

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