An ISA is a flexible and tax-efficient way to invest your money.
You can choose to invest this year’s allowance of £15,240 in stocks and shares or cash or any combination of the two. Best of all you won’t pay any personal or capital gains tax on the investment returns you earn.
Our Junior ISA allows family and friends to contribute but you manage the savings until your child is 18. And with a 2016/17 allowance of £4,080, you can start saving for your child's future now.
Please note, if you have paid into a Cash or Stocks and Shares ISA since 6 April 2016, you will not be able to open a further ISA of the same type before 6 April 2017. You may however make additional payments – up to the £15,240 ISA subscription limit - into your existing account(s).
Fidelity Personal Investing only gives information about products and services and does not provide investment advice based on individual circumstances. If you are unsure of the suitability of an investment you should speak to an authorised financial adviser, although different terms will apply.
The value of investments can go down as well as up and you may not get back the amount you invest. The value of tax savings and eligibility to invest in an ISA depend on personal circumstances. All tax rules may change in future.
Junior ISAs are only available to UK resident children under 18 who do not have a Child Trust Fund (CTF). Please note that if your child was born between 1 September 2002 and 2 January 2011 the Government would have automatically opened a CTF on your behalf so your child will not be eligible for a Junior ISA. The investment is locked away until the child reaches 18 years old.
A small change to your daily routine could add up significantly over the years, for example saving the money you would have spent on a shop-bought coffee into an ISA.
If you have any questions, please call our freephone UK-based team.
Monday to Friday, 8am to 6pm
Saturday 9am to 6pm.