Which account is right for you
Find an account that meets your needs by answering a few simple questions
Important information - The value of investments can go down as well as up, so you may not get back what you invest. 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.
1
What are you trying to do?
1
What are you trying to do?
YesPlease select an answer and click Next to continue.
2
Will you need the money before you turn 55?
2
Will you need the money before you turn 55?
YesPlease select an answer and click Next to continue.
3
How much do you want to invest initially?
3
How much do you want to invest initially?
YesPlease select an answer and click Next to continue.
2
Does your child already have any of these accounts?
2
Does your child already have any of these accounts?
YesPlease select an answer and click Next to continue.
3
How much do you want to invest initially?
3
How much do you want to invest initially?
YesPlease select an answer and click Next to continue.
4
When do you want your child to be able to access their money?
4
When do you want your child to be able to access their money?
YesPlease select an answer and click Next to continue.
Thank you for answering the questions
Below are the accounts you are most eligible to open:
Investment ISA
- Is it tax efficient?
- Yes, as there is no income or capital gains tax to pay on any returns.
- Is the money easy to access?
- You can access this account at any time.
- How much can I invest?
- £20,000 this tax year, as any combination of cash and stocks and shares. Start from £25 monthly or a £1,000 lump sum.
- Who is eligible?
- UK residents 18 years+.
- Good to know
- Can hold both cash and stocks and shares. Transfer your existing ISAs.
SIPP
Not available
- Is it tax efficient?
- Yes, you receive tax relief based on the income tax you pay, 20% basic, 40%+ higher.
- Is the money easy to access?
- You cannot normally access a pension until you reach 55 (57 from 2028).
- How much can I invest?
- As much as you like, but tax relief is limited to £60,000 or your annual earnings if this is less. Where you have no earnings you can still contribute £3,600. Start from as little as £20 monthly or a lump sum of £800.
- Who is eligible?
- UK residents 18 years+.
- Good to know?
- From age 55 (57 from 2028) you can take 25% of your pension pot as a tax-free lump sum, up to a maximum of your available lump sum allowance.
Investment account
Not available
- Is it tax efficient?
- Annual earnings up to £3,000 are exempt from capital gains tax. Customers may be subject to income tax on any income earned on assets held in the account.
- Is the money easy to access?
- You can access this account at any time.
- How much can I invest?
- Unlimited. Start from £25 monthly or a £1,000 lump sum.
- Who is eligible?
- UK residents 18 years+.
- Good to know
- Can invest in a wider choice of funds such as offshore funds. Can designate accounts.
Junior ISA
Not available
- Is it tax efficient?
- Yes, as there is no income or capital gains tax to pay on any returns.
- Is the money easy to access?
- Once your child reaches 18, the account will automatically become an adult ISA and they will be able to access the money in it.
- How much can I invest?
- £9,000 this tax year. Start from £25 monthly or a £100 lump sum.
- Who is eligible?
- Any UK resident under 18, as long as they do not hold a Child Trust Fund “CFT”, however the account must be opened by someone who has parental responsibility for the child.
- Good to know
- Your child can have a cash JISA and/or a stocks and shares JISA. Whilst someone with parental responsibility for the child has to open the JISA, other family members and friends can then make contributions.
Junior SIPP
Not available
- Is it tax efficient?
- Receive a 20% tax relief bonus.
- Is the money easy to access?
- At age 18 the money passes to the child, but they cannot normally access the pension until they reach 55 (57 from 2028).
- How much can I invest?
- £3,600 this tax year. Start from £25 monthly or a £1,000 lump sum.
- Who is eligible?
- UK residents, under 18 years of age.
- Good to know
- Friends and family can contribute too.
