Children’s Investment Plan
Save for your child’s future
Start a savings pot for their future today and as their parent, stay in control.
Pfida
Small steps today. More options tomorrow.
Our short explainer walks you through how the Children’s Investment Plan works and what it could mean for your child’s future.
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Every parent wants this for their child.
More opportunities. Fewer money worries. Our children are growing up in a tougher financial climate than ever – this is your way to give them a hand up, as you prepare them for adulthood
Children’s Investment Plan
Personalised to your child
A dedicated account shown on your dashboard with their name.
You stay in control
You remain the account holder throughout.
Simple to start
Start with £5,000 to secure the 6% AER promotional offer, then top up regularly.
No paperwork
Just their name and date of birth to get started.
How it works
Open an account
Just their name and date of birth, plus a £5,000 starting investment to secure the 6% AER promotional target profit rate.
Set up a regular top-up
Even a small standing order compounds over time – little and often works best.
Watch their future take shape
Track it on your dashboard alongside your own Pfida accounts, whenever you like.
Ready to start building their future?
Open a Children’s Investment Plan and start creating a long-term savings pot for your child – while you stay in control.
Time is the one thing you can’t add back later.
Let compounding do the heavy lifting gradually over time. Every contribution earns a return – and then that return earns a return of its own. Small and regular beats big and late.
“Every day you wait is a day they lose. Every day you save is a day they gain”
See it for yourself.
Start turning the numbers into their future
Open a Children’s Investment Plan and start building towards the future you want to give them.
FAQs
You will need to register for a pfida account or login to your existing account here in order to open a Children’s Investment Plan.
Once logged in, you will see a Children’s Investment Plan card where you can click ‘Apply now’.
If you already have a GYS account, you just need your child’s first name and date of birth – no birth certificate or other documentation required.
If you don’t have a GYS account, you just need to register the account with your details and your child’s name and date of birth.
If you would like to open an account for more than one child, add all their names to your application. We are planning to enable a dedicated account per child in future.
There is no limit to how much you can pay in.
You can pay in up to £4,000 a month by standing order across all of your Pfida accounts.
If you want to pay in more than that, you can submit a subscription form on your dashboard by clicking here.
On your child’s 18th birthday, and on each birthday after that, you can choose either to transfer the Account to your child (no withdrawal fee applies to this transfer), or to keep holding the Account yourself for another year on the same withdrawal terms described above.
If you don’t tell us which you’d like, the Account will continue on the existing basis by default. We won’t automatically transfer the account to your child without your consent.
If you’ve named more than one child on the Plan, it’s your oldest named child’s birthday that matters for these choices.
Full terms and conditions are available before you invest. Rates are variable and not guaranteed
Beyond the Numbers
A head start on a home
A house downpayment ready before their friends have even started saving.
Freedom from debt
The chance to buy without a 30-year mortgage hanging over them.
Freedom to grow
The option to study, start a business, or get married, because the money’s already there.
Terms at a glance
No fixed lock-in
Access is flexible, not locked away until a set age.
Penalty-free withdrawal
One fee-free withdrawal a year (up to £1,000), for when life happens.
You’re in control
You remain the account holder throughout.
Theirs from 18, or keep control yourself
On your child’s 18th birthday, you can choose to transfer the funds to them or hold the Account yourself for another year on the same terms.
Full terms and conditions are available before you invest. Rates are variable and not guaranteed
