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Junior retirement account

We offer a comprehensive range of tax wrappers to meet your clients needs – for now and in the future. You can apply for the accounts below through the Advance by Embark Platform.

  • Enables the child to benefit from tax relief on the contributions to the Junior Retirement Account
  • Gives your clients the opportunity to provide a retirement income for their child


This account is only available within an Advance Junior Portfolio. A registered contact can open an account for a child. The child must:

  • be aged 17 or under, and:
  • have been resident in the UK for tax purposes for the last six months if their country of origin is not subject to UK tax.


The Advance Portfolio charge is a percentage charge based on the value of the assets under administration in the client’s Advance Portfolio. For the Advance Junior Retirement Account there is also an ongoing charge which is currently £75.00 each year. £18.75 is payable quarterly in arrears from available cash in the Retirement Account for as long as the account is open. If the account has pre and post retirement arrangements the ongoing charge will be split proportionately to the amount held in each.

To launch our suite of junior products available through the Advance Junior Portfolio, we’ll reimburse the £75 annual charge we take from Advance Junior Retirement Accounts opened from 14 January 2019 until January 2021. For more information on this offer, please read our ‘Addendum to the Advance Portfolio Terms and Conditions’.

The risks

As with all investments, there is some risk involved with the Advance Retirement Account.

  • The value of the account may go down and the child may have less to provide a retirement income
  • The level of risk and potential performance depends on the assets invested in
  • The child’s retirement income may be less than expected if investment growth over the lifetime of the account or annuity rates at the time benefits are taken (or both) are lower than expected, or if your client reduces or stops payments to the account
  • Over time, inflation will reduce the buying power of money.

The account when the child reaches 18

On the child’s 18th birthday, once we have the child’s authorisation, they will take control of their Advance Portfolio and the Junior Retirement Account will become an Advance Retirement Account.

Taking money out of an account

Clients can normally take benefits at any time from age 55, even if still working. If your client is suffering from ill-health, they may be able to take benefits earlier.

Closing an account

If your client changes their mind regarding the Junior Retirement Account, the account can be cancelled within 30 days of the customer receiving a cancellation notice. They can contact us by post at Advance Portfolio Team, PO Box 1200, Cheltenham, GL50 9UP or by email at

If your client has taken out a Junior Retirement Account on behalf of a child and they die, the person who assumes parental responsibility for the child will need to take on responsibility for the account.

Your clients have access to a range of investment options, including:

  • mutual funds;
  • model portfolios;
  • investment advisers (DFMs);
  • cash; and
  • through our Horizon funds

Read our investment options

For supporting documents please view our document library.

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