ISAs and SIPPs at a glance
Tax-efficient ways to make the most of your money and reach your goals
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. Tax treatment depends on individual circumstances and all tax rules may change in the future. Withdrawals from a Junior ISA will not be possible until the child reaches age 18. You can't normally access money in a pension until age 55 (57 from 2028). 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 one of Fidelity’s advisers or an authorised financial adviser of your choice.
Don't pay more tax than you need to
An ISA or Self-Invested Personal Pension (SIPP) are both tax-efficient ways to save as they each have their own valuable annual tax allowances. But how you choose to divide your money between them can depend on your future goals and what matters to you.
An ISA can be used to save for all sorts of goals as it's easy to access, while a SIPP is typically for retirement, as withdrawals from a SIPP will not normally be possible until you reach age 55 (57 from 2028).
We offer an award-winning Stocks and Shares ISA and SIPP, together with a Junior ISA and Junior SIPP.
Below we'll take you through the differences between Fidelity's ISA and SIPP.
Make the most of your tax allowances
ISA and pension allowances reset at the start of every tax year, which runs from 6 April to 5 April the following year. These allowances are separate, so you can put money in both types of accounts. You can also save for a child's future by investing in a Junior ISA and a Junior SIPP, which have their own tax benefits. If you’ve used your full pension and ISA allowances this tax year, you can still invest in our Investment Account.
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Fidelity’s ISA |
Fidelity’s SIPP |
|---|---|---|
|
Your yearly allowance |
£20,000 |
|
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Key tax benefits |
|
|
|
Flexible access |
Take your money out at any time |
Normally from age 55 (57 from 6 April 2028) |
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Could be used for |
|
|
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Choice of ways to invest |
Lump sum and regular savings |
Lump sum and regular savings |
|
Minimum amount to invest |
£25 a month / £1,000 lump sum |
£20 a month / £800 lump sum* |
|
Wide choice of investments |
Funds, shares, investment trusts, Exchange-traded funds (ETFs) |
Funds, shares, investment trusts, ETFs |
|
Eligibility |
UK residents age 18 or over (We have a Junior ISA for under 18s) |
UK residents age 18 or over (We have a Junior SIPP for under 18s) |
Getting started is easy
It's easy to open an ISA and a SIPP online and you have until 5 April 2026 to use this year’s allowances. Invest how you like:
- Set up a regular savings plan from £25 for an ISA or £20 for your SIPP
- Invest a lump sum from £1,000 in your ISA or £800 in your SIPP
Open a Stocks and Shares ISA
Start saving in a SIPP
Already have an account with us?
Don’t forget, if you’ve used your full pension and ISA allowances this tax year, you can still invest in our Investment Account.
Visit our tax allowances hub to learn more about how allowances work, how to maximise your pension savings and the latest tax rates.
Be invested from the start of the tax year
Take advantage of your 2025/26 tax allowances and give your money more potential to grow. Invest in our Stocks and Shares ISA and personal pension today.
Why invest with Fidelity?
Investing is what we do and it’s been our passion to help people grow their financial wealth for over 50 years. We’re proud to be trusted by over 1.6 million investors in the UK*. We offer one of the widest fund ranges on the market, plus shares, investment trusts and Exchange-traded funds (ETFs) – and a range of guidance tools to help make your investment decisions easier.
We don’t like to blow our own trumpet but it’s nice when someone else does. You can see this in our four-star rating on Trustpilot** and the awards we have won for Best Buy ISA and Best Buy Pensions. We’re also proud to be a Which? Recommended Provider for Self-Invested Personal Pensions for four years running.
*Fidelity as at 31.12.24 **Trustpilot rating based on 5,291 reviews as at 03.04.25
If you have more than £100,000 to invest, our financial advisers can help you make the most of your money. Just call us on 0800 222 550 for a free, no-obligation discussion about your needs.
FAQs
Most people get a personal allowance - an amount of income you don't have to pay tax on. Any income above this is taxed at your income tax rate. You also have tax-free allowances for things like savings interest, dividend income and capital gains. An ISA is a tax-exempt account - as long as you don’t contribute more than its annual allowance allows. SIPP contributions are eligible for tax relief within pension allowances.
Yes, an ISA is tax-efficient for everyone, including higher-rate taxpayers. There’s no tax to pay on money you receive as income from your ISA investments. There’s also no capital gains tax to pay on growth.
Yes, a pension is tax-efficient for everyone, including higher-rate taxpayers. You receive tax relief at your marginal rate when you make contributions and can withdraw up to 25% of the value of your pension as a tax-free lump sum, as long as this amount is not more than your remaining lump sum allowance. Other withdrawals, or payments from an annuity, are then taxed as income.
No, you don’t receive upfront tax relief on ISA contributions. However, you can take a tax-free income from your ISA later in life, whereas any income from a pension (after the 25% tax-free lump sum) is taxed at your marginal rate.
Yes, you can hold a SIPP together with a workplace or personal pension that you may have with us or another pension provider. This includes legacy defined benefit schemes, defined contribution schemes or stakeholder pensions.
Important information - this information and our guidance tools are not a personal recommendation in respect of a particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity's advisers or an authorised financial adviser of your choice. You should regularly reassess the suitability of your investments to ensure they continue to meet your attitude to risk and investment goals.
