Pay via salary accounts available with Invest@Work
Important Information: please keep in mind that the value of investments can go down as well as up so you may get back less than you invest. You cannot normally access your pension until age 55. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. Tax treatment depends on individual circumstances and all tax rules may change in the future.
Stocks and Shares ISA and Investment Account
You can open a Stocks and Shares ISA or an Investment Account and choose to pay from your salary or pay into it directly.
- A Stocks and Shares ISA is a tax-efficient way to save and pay no income tax or capital gains tax on returns. The ISA allowance for the 2024/25 tax year is £20,000, and you have until 5 April 2025 to use it.
- An Investment Account allows you to invest any amount you wish, however it does not offer the same tax-efficient benefits as an ISA.
- UK residents aged 18 and over are eligible for either account and you can access the money in each at any time.
Stocks and Shares ISA
- Is it tax efficient?
No income or capital gains tax to pay on your earnings. - How much can I invest?
£20,000 this tax year. Start from £25 a month from your salary, you can also add lump sums from £1000. - Good to know
Can hold cash, as well as investments. You can transfer any existing ISAs into it.
Investment Account
- Is it tax efficient?
Annual earnings up to £12,300 are exempt from Capital Gains tax. - How much can I invest?
Unlimited. Start from £25 a month from your salary, you can also add lump sums from £1000. - Good to know
Can hold cash and investments. You can transfer any existing Investment Accounts into it, and you can add account designations.
Other account options
Depending on your circumstances, Fidelity offers a range of options for retirement and investing for children. These accounts are not available to pay from your salary with Invest@Work..
Get started in three easy steps
1 Explore investments
Choose your investments from over 4,000 options, including funds, shares and investment trusts, or get some ideas from our experts based on your experience.
2 Start saving from your salary
If you want to save from your salary you can open an ISA or General Investment Account.
3 Register for your discount if needed
You automatically get the discount if you invest through your salary, but if you don’t want to, you can sign-up for the discount separately. It’s easy, just follow instructions in the link below.
If you don’t want to save from your salary, you can explore our accounts to see our full range.
Need more information?
About Invest@Work
Read an overview on what Invest@Work is and how it can help you reach your savings goals.
Learn about investing
Get to grips with why you might invest and what the different investment types are.
A note on choosing investments
When you are ready, the help choosing investments page will open. This will open in a new tab.
Once you have chosen investments, you will need to come back to this page if you want to start investing from your salary.
Choose your account
If you are new to investing, you may want to open an ISA to take advantage of your tax free allowances. If you have already used your allowance, please open an Investment Account.
Stocks and Shares ISA
This is a tax-efficient way to save up to £20,000 a year, and you can withdraw your money whenever you like.
Investment Account
Access a wide range of investment opportunities beyond your tax-efficient allowances
Already have a Fidelity Personal Investing account? To set up employee compliance reporting, all you need to do is log in and then follow the instructions in step 3 to enter your employer code. Log in now
How to enter your employer code
Setting up employee compliance reporting takes only a few moments - just ask your employer’s compliance team for their Fidelity ‘employer code’, and then follow these simple steps.
1 Log in
Once you have your code, log in with your username and password
2 Open your Preference Centre
It takes just two clicks:
- Click on Profile in the main menu
- Click on Preference Centre
- Select Employee compliance reporting
3 Enter your employer code
- Make sure you’ve got your Fidelity compliance reporting code from your employer
- Enter your employer code in the box and hit Register
4 Provide consent
Give us your consent by clicking ‘I accept’, and you’re done - we can now take care of the admin and send your trading details to your employer automatically so you don’t have to
Your ISA checklist
Make sure you have the following information with you:
- Your National Insurance number
- Your Employer Reference Number (available from your employer)
If you need any help, please call us on 0800 368 0890
Your Investment Account checklist
Before you continue:
First, make sure that you want to open an Investment Account. If you don't have an ISA you may want to close this box and consider opening one to take advantage of your tax-free allowance.
If you do want to open an Investment Account, make sure you have the following ready:
- Your National Insurance number
- Your Employer Reference Number (available from your employer)
If you need any help, please call us on 0800 368 0890
Learn about investing
About risk and return
Risk is about balancing the chance of a loss with the benefit of a higher return over time. Investing tends to work better over the longer term (through the ups and downs of markets) so you should aim to invest for 5 years or more.
Individual equities (shares) usually carry a higher level of investment risk, which often means that the potential for growth is greater, but there’s also a greater possibility that your investment might fall.
Cash funds, on the other hand tend to carry lower risk, but with that comes lower potential returns.
Your tolerance for risk will help you decide which investments to choose.
In setting up your Invest@Work account we will provide you with a small range of investment options to consider, at different levels of risk. These might be helpful to get you started. When your account is open, there are more tools and guidance to help you.
What is a fund ?
Funds are a pool of money which you invest into along with other investors. That money is then collectively invested by a fund manager using their expertise.
This allows you to spread your money across several different investments, without the stress and difficulty of choosing and managing them.
The fund manager will take a fee for providing this service, usually something like 75p a year for every £100 you put into the fund.
What is share dealing?
Share dealing is when you buy or sell shares in a public limited company.
When you buy a share, you become one of the company’s owners and you may be entitled to a share of any profits it makes.
If the company does well, your shares may go up in value because more people want to have a stake in the company. But if the company doesn’t do well, the value of your shares may fall.
What are ETFs and Investment Trusts?
Exchange-traded funds (ETFs) are an increasingly popular way to invest. They track the performance of specific markets or certain types of investments, such as companies that pay a high level of dividend income.
Investment trusts work in a similar way to funds, you invest in the trust and the trust invests in other investments. Where they differ is that investment trusts are publicly listed companies traded on the stock exchange. If you buy shares in one, you become a shareholder, giving you a vote on how it’s run.