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Find out more about our fees and chargesDownload our Fidelity Pricing Guide
Start saving just a small amount now on behalf of a child to make a real difference to their future.
Important information - please keep in mind that the value of investments can go down as well as up so you may not get back what you invest. Eligibility to invest in a Junior SIPP depends on personal circumstances and all tax rules may change in the future. Control over the investments pass on to the child once they turn 18 and withdrawals from a Junior SIPP will not normally be possible until the child reaches age 55.
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 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.
|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||£25|
|£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 the first £249,999 and then 0.20% a year on the remaining £50,001. 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.
Cash in the Fidelity SIPP is currently held as ‘Cash Within Your Account’.
We currently don’t charge a service fee on Cash Within Your Account. However, we reserve the right to retain an amount of the interest received from the bank(s) we deposit your money with to cover the cost of administering these cash balances. Please go to www.fidelity.co.uk/cash for further details.
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.
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)|
These fees does not apply to customers using an adviser please see below.
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.