Overview- A tax-efficient way to save money for your child as no income tax or capital gains tax will be payable on any returns.
- The Junior ISA allowance for the 2018/19 tax year is £4,260, and you have until 5 April 2019 to take advantage of it.
- If you decide to open a Junior ISA account on behalf of your child it will pass automatically to them at age 18.
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Junior ISA
Start saving for a child’s future by investing in a Stocks and Shares Junior ISA on their behalf.
What is a Junior ISA?
Our Junior ISA
- Contribute lump sums from £100, or start a regular savings plan from as little as £50, with friends and family able to contribute too.
- Invest your child’s Junior ISA allowance in a wide range of shares, funds, exchange-traded funds (ETFs) or investment trusts.
- Manage investments 24/7 using our secure online service.
- Get instant access to our investment expertise, market insights and planning tools. And our freephone UK call centre is open from Monday to Saturday.
Whether you’re saving for your child's education or to help them get a foot on the property ladder, we’ll help you to open a Junior ISA, with as little or as much guidance as you need.
The value of investments can go down as well as up so you may get back less than you invest. The value of tax savings and eligibility to invest in a Junior ISA depend on personal circumstances. All tax rules may change in future. Withdrawals from a Junior ISA will not be possible until the child reaches age 18.
Opening a Junior ISA
To open a Junior ISA all you need to do is invest a lump sum from as little as £100 or start a regular savings plan from £50.
Why choose Fidelity
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With more than 50 years’ experience we’ve already earned the trust of over one million UK investors.
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Start investing in just a few steps, with 24/7 online access from your computer, tablet or phone.
Clear
Enjoy low costs, no initial charges and no additional fees to switch or exit.
A clear approach to fees
We believe in giving you great value, so we charge an annual service fee, payable monthly, based on the value of all your investments. And did we mention all the award-winning guidance, on-the-go access and support with investing you get? That’s all included in our service fee.
We add all your accounts together before we work out which fee band you’re in, meaning we’ll charge you the lowest rate.
- The portion of the fee you pay on exchange-traded investments (shares, exchange-traded funds (ETFs), bonds, etc.) is capped at £45.
- However, you do not pay a service fee on exchange-traded investments held in an Investment Account.
The table below shows how this fee changes as your investments increase. To see this in more detail please read the Doing Business with Fidelity document.
In addition to our service fee, there may also be charges set by the company managing your funds, and there will be additional charges for any share dealing you engage in. For more details, please read the Fidelity pricing guide or visit our main fees and charges page.
| Total value of investments | Service fee (annual amount or rate) |
|---|---|
| Less than £7,500 | 0.35% if you have a regular savings plan or £45 if you don't |
| Less than £7,500, held in a Junior ISA/SIPP | 0.35% if you have a regular savings plan or £25 if you don't |
| £7,500 or more but less than £250,000 | 0.35% |
| £250,000 or more but less than £1 million | 0.20% |
| £1 million+ | 0.20% a year for the first £1 million and no service fee for investments over £1 million. This means the maximum fee you will ever pay for all of your personal accounts is £2,000 a year. |
The same service fee is charged across all of your investments. So, if you hold £300,000 - the fee would be 0.20% across the full amount, and not 0.35% on investments under £250,000 and then 0.20% a year on the remaining £50,000. For exchange-traded instruments including investment trusts, this is capped at £45. There is no service fee for these investments held in the Fidelity Investment Account.
How and when we take our fee
We calculate the service fee at midnight on the first of every month and deduct it around the 15th of the following month.
We include any joint accounts when we’re adding up all your investments to work out what service fee rate you pay, ensuring the lowest possible charge.
The total value is then divided by 12 to determine the monthly amount that’s taken from your individual account.
We’ll take the service fee directly from your cash account, so we recommend always having cash in that account. If you don’t have enough, we’ll take it from your largest investment by value and by asset class – for example we will take the fee from the largest fund before we take it from an Exchange Traded Fund or Investment Trust.
Putting it into practice
Here are some scenarios, for illustrative purposes only, that show how we would calculate what you would be charged. If you have less than £7,500 in total there will be a flat fee of £45 a year (£25 for Junior ISA and Junior SIPP), although this changes to 0.35% if you have a monthly regular savings plan (RSP). We will usually collect this fee in arrears in monthly instalments of £3.75 (or £2.08 for Junior ISA and Junior SIPP).
| Amount invested | Annual service fees with monthly RSP | Annual service fees without monthly RSP |
|---|---|---|
| £5,000 | £17.50 (0.35%) | £45 (flat fee) |
| £7,499 | £26.24 (0.35%) | £45 (flat fee) |
| £7,500 | £26.25 (0.35%) | |
| £12,500 | £43.75 (0.35%) | |
| £20,000 | £70.00 (0.35%) | |
| £55,000 | £192.50 (0.35%) | |
| £249,999 | £874.99 (0.35%) | |
| £250,000 | £500.00 (0.2%) | |
Fidelity fees on multi-linked accounts
The fees mentioned above are for investments held directly with Fidelity.
If you hold some investments through a financial adviser, then the charges will be different from the ones you hold directly with us.
We suggest you speak with your financial adviser to find out more about what charges and fees will be applied.
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These guidance tools are not a personal recommendation in respect of a particular investment. If you need additional help, please speak to a financial adviser. You should regularly reassess the suitability of your investments to ensure they continue to meet your attitude to risk and investment goals.
Your Junior ISA checklist
Make sure you have the following information with you:
- A National Insurance number for the junior account holder (if they have one)
- Debit card details (for a single payment)
- Bank or building society details (if you’re planning on setting up a regular savings plan)