Understand how much you can invest in your ISAs this tax year
An ISA (Individual Savings Account) and a Junior ISA (JISA) are tax-efficient ways to save or invest your money.
The best way to think of an ISA is as a tax ‘wrapper’. Each year, you’re entitled to a specific allowance or limit, which is protected by the ISA wrapper. This means you won’t be charged tax on the interest or capital gains you earn, offering greater growth potential on your investments.
Fidelity offers both an Investment ISA (Stocks and Shares ISA) and an award-winning Junior ISA (Stocks and Shares JISA).
The value of investments can go down as well as up, so you may get back less than you invest. If you invest in an ISA there is no capital gains tax on growth and no income tax on interest. The value of tax savings and eligibility to invest in an ISA depend on personal circumstances. All tax rules may change in the future. If you redeem ISA holdings, you cannot reuse that ISA allowance. Withdrawals from a Junior ISA will not be possible until the child reaches age 18.