Can I have an ISA?

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 2017/18 tax year allowance is £20,000, and can be invested in any combination of stocks and shares and/or cash.

To open an ISA you must:

Stocks and Shares ISAs

  • Be over the age of 18
  • Be resident in the UK for tax purposes (or a Crown employee)
  • Be investing in your own name

To open a Junior ISA you must:

Junior ISAs

  • Be the child’s parent or guardian
  • Be investing on behalf of a UK-resident child who is under the age of 18 and was either born before 1st September 2002 or after 2nd January 2011

Important information

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.

Here to help

If you have any questions, please call our UK-based team.

Here to help

0333 300 3350

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.