SIPP (junior or normal) gains are tax free.
Differences between junior isa and junior SIPP are when you can access and how much tax relief you get
ah ok but in both products the control to withdraw is with the child when they become 18 right?
They will need to be 55+ to get the actual Junior SIPP money, but at 18 it will become a regular SIPP under their control and they could potentially invest it all in bitcoin.
This is also my fear
control to withdraw is with the child when they become 18 right?
There is a simple solution to this. Don't tell them.
@amey started
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SIPP (junior or normal) gains are tax free.
Differences between junior isa and junior SIPP are when you can access and how much tax relief you get