Junior SIPP26 May 2021 15:43
Quick question that I hope someone on here may know the answer to, here goes.
I have opened Junior ISA's for both our kids, and see this as securing their near term financial goals i.e. university and/or house purchase/assistance.
I would also like to secure their long term financial needs by opening Junior SIPP's for them, particularly at this crazy price. My question is therefore, if I open Junior SIPP's with the same provider as I have my own SIPP with, would I be able to transfer/gift 10,000 shares for example to each of them, from my own SIPP.
I suspect the answer will be no, as I am also 10 years away from accessing my own SIP via a lump sum, but would appreciate clarification if someone knows.