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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

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
     

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.

Win £1,000 Amazon vouchers in our ISA prize draw

Invest in a Stocks and Shares ISA online by 30 September 2019, for your chance to win. T&Cs apply.