Aberdeen Junior SIPP
Our Aberdeen Junior SIPP is available to all Wrap clients, offering a tax efficient way to save and invest for a child (the “Junior”).
Why consider our Junior SIPP?
- Extensive investment optionsChoose from a wide range of funds, model portfolios, and leading fund managers to suit every investment strategy.
- Flexible adviserAgree bespoke options with your client to suit your business model.
- Dedicated account structureEasily keep track of members by linking their accounts with a parent or guardian, making it simple to manage everything in one place.
- Support for inherited death benefitsIf a Junior member inherits money from a pension, they can hold the inherited benefits alongside their own pension savings within the same account.
- Automated maturity processWhen the Junior member turns 18, our automated system sends wake-up packs and communications to the adviser, parent/guardian, and the Junior member, ensuring a smooth transition.
Documents for Junior SIPP
Who can open an Aberdeen Junior SIPP
A parent or guardian can open a Junior SIPP on behalf of a Junior, and they will become the Registered Contact. The product will be set up with the Junior (under 18) as the account holder.
To apply for a Junior SIPP, a close family member of the Junior must be an existing Wrap holder. A close family member is a parent or guardian, grandparent or sibling.Next steps
Not with Wrap yet
Contact our business development team to discuss your needs and how we can help. You can request a demo of our platform as part of an initial conversation.
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