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Home Services View JISA/ISA allowances

Your 2019/20 ISA allowances

An ISA (Individual Savings Account) and a Junior ISA (JISA) are tax-efficient ways to save or invest your money. Understand how much you can invest in your ISAs this tax year.

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 a Junior ISA (Stocks and Shares Junior ISA).

What is my ISA allowance for this tax year?

Stocks and Shares ISA

  • For the 2019/20 tax year the ISA allowance is £20,000
  • You can only invest in one Stocks and Shares ISA each tax year
  • Choose from a wide range of funds, shares, exchange-traded funds (ETFs) or investment trusts
  • If you don’t use all of your ISA allowance before the end of the tax year it is lost
Explore ISAs
Open your Stocks and Shares ISA

Junior ISA

  • For the 2019/20 tax year the Junior ISA allowance is £4,368
  • You can only have one Stocks and Shares Junior ISA at any one time
  • Choose any combination of funds, shares, exchange-traded funds (ETFs) or investment trusts
  • If you don’t use all of your child’s Junior ISA allowance before the end of the tax year it is lost
     
Explore our Junior ISA
Open a Junior ISA

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.

Fidelity Personal Investing does not give advice based on personal circumstances so you are responsible for deciding whether an investment is suitable for you. In doing so, please remember that past performance is not necessarily a guide to future performance, the performance of funds is not guaranteed and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. Before investing into a fund, please read the relevant key information document and ‘Doing Business with Fidelity’, a document that incorporates our Client Terms. If you are investing via the Fidelity SIPP and have not yet received a letter from us confirming you have moved to our new system, or are opening a new SIPP today you should read the Fidelity SIPP Key Features Document incorporating the Fidelity SIPP Terms and Conditions. Alternatively, if you open a new SIPP account on or after 27 March 2019 and are under 54 years old, or if you have already received a letter from us confirming you have been moved to our new system, you should read the Doing Business with Fidelity document incorporating our Client Terms. You should regularly review your investment objectives and choices and if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser.

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