An ISA (Individual Savings Account) is simply a tax-efficient way to save or invest.
The best way to think of an ISA is as a tax ‘wrapper’ – the wrapper protects your money and you aren’t charged tax on the interest you earn*, offering greater growth potential.
For each tax year, there is a limit to the amount you can invest in an ISA – the 2016/17 tax year allowance is £15,240, and can be invested in any combination of stocks and shares and/or cash.
You can invest up to £15,240 in our Stocks & Shares ISA
Put your money in equity funds, bond funds and cash
Hold funds that invest in shares quoted on stock markets around the world
You can invest up to £4,080 in our Junior ISA
You can invest in any combination of equity funds, bond funds and cash
The value of investments can go down as well as up and you may not get back the amount invested. The value of tax savings and eligibility to invest in an ISA or Junior ISA depend on personal circumstances. All tax rules may change in future. With a Junior ISA, the investment is locked away until the child turns 18. The value of investments in overseas markets may be affected by changes in currency exchange rates.
If you have any questions, please call our freephone UK-based team.
Monday to Friday, 8am to 6pm,
Saturday 9am to 6pm.
Please be aware that Fidelity Personal Investing does not give advice. If you are unsure of the suitability of an investment, please contact an authorised financial adviser.