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In this section
Stocks and Shares ISA
Invest your £20,000 tax-free ISA allowance in our award-winning Stocks and Shares ISA.
Important information - please keep in mind that the value of investments can go down as well as up, so you may get back less than you invest. Tax treatment depends on individual circumstances and all tax rules may change in the future. 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.
Award-winning Stocks and Shares ISA
A Fidelity Stocks and Shares ISA is a tax-efficient way for you to save. You can put aside up to £20,000 in the 2024/25 tax year and pay no income or capital gains tax on your investments. It’s easy to open your ISA online, and you have until 5 April 2025 to use this year's allowance. Whether you’re just starting out or an experienced investor, we’re here to support you with information, tools and guidance to help you achieve your financial goals.
Why choose Fidelity’s Stocks and Shares ISA?
Start saving today
Invest a lump sum or set up a regular savings plan from as little as £25.
A wealth of choice
Choose from thousands of funds and shares to invest your ISA allowance in.
Expert guidance
Online tools and insights from our teams of experts to help you decide where to put your money.
A trusted provider
With over 50 years’ investing experience, we are trusted by over 1.6 million UK customers*.
Always at your fingertips
It's easy to manage your investments 24/7 with our secure online service and apps.
Here to help you
Our UK and Ireland-based teams are on hand six days a week for extra support when you need it.
*Source: Fidelity, as at 31.03.24
Transfer your ISA
Make sure you have the following information with you:
- Debit card details (for a single payment)
- Bank or building society details (if you’re planning on setting up a regular savings plan)
Existing customers
If you’re an existing online customer, please log in to start your transfer
New customer
If you’re new to Fidelity, you'll need to open an account before you can start your transfer
Your ISA checklist
If you're ready to proceed, make sure you have the following information with you:
- Your National Insurance number
- Debit card details (for a single payment)
- Bank or building society details (if you’re planning on setting up a regular savings plan)
Existing customer
If you already have a Fidelity account, log in here to open your ISA.
New customer
If you're new to Fidelity, you can open your account here.
Transfer your ISA
Exit fees terms and conditions
In order to request exit fees re-imbursement you will be required to complete an exit fees re-imbursement form which you can download by clicking here, or request over the phone by calling us on 0333 300 3351.
Terms and conditions for re-imbursement of exit fees
This offer does not apply to any investments linked to an Adviser / Intermediary or third party.
Fidelity will reimburse the exit/redemption fees charged to a customer by their former provider/s when they move their investments (minimum of £100) to Fidelity Personal Investing, up to a maximum amount of £500 per customer.
An exit fee is an administration charge which is imposed by the former provider and arises directly as a result of processing the transfer or re-registration of the customer’s investments to Fidelity. Fidelity will not reimburse the customer for any loss of investment returns, loss of interest, dealing charges, penalties for transferring investments before their maturity dates or any other charges associated with your transfer or re-registration.
Where a re-registration or transfer is not possible and the customer chooses to sell their investments held through another provider and subsequently make new investment/s (minimum £10,000) through Fidelity Personal Investing, Fidelity will cover any account closure fees charged by the customer’s former provider (excluding any dealing charges) of up to £500 per customer. Fidelity will not cover any bid-offer spreads or any capital gains tax liability arising as a result of these transactions.
Exit and account closure fees reimbursement must be claimed within a 6 month period from date of transfer of the customer’s investments to Fidelity. Exit fees will be reimbursed for transfers and re-registrations and account closure fees will be reimbursed provided the conditions above are met. Products included: ISAs, Investment Accounts, EBS SIPP, Fidelity Personal Pension, Fidelity SIPP, Unit Trusts, OEICs, SICAVs, Exchange Traded Funds, Investment Trusts and Shares.
To qualify for the reimbursement, the fees from the customer’s former provider must have been triggered as a direct result of the transfer or re-registration to Fidelity Personal Investing, or the closure of an account where the customer has subsequently (within 6 months) invested at least £10,000 through Fidelity Personal Investing. If the customer is transferring investments to more than one provider from their former provider at the same time, Fidelity will only reimburse the fees which are incurred as a result of direct transfer or re-registration to Fidelity. Other fees or charges unconnected with the transfer will not be reimbursed.
The completed Exit Fee Reimbursement Form and documentary evidence of the charge will need to be provided in order for the exit fees to be reimbursed to the customer. To claim the reimbursement of any account closure fees, documentary evidence of the closure fee levied will need to be provided to Fidelity, along with confirmation that a minimum of £10,000 has been invested with Fidelity within 6 months of incurring such closure fee.
The documentary evidence referred to above, must be either a copy of the charge confirmation letter from the former provider or a statement showing the charge being deducted.
Payment will be made to the customer by BACS when a bank mandate is held on the account. Alternatively, payment will be made by cheque.
Thank you. Your offer registration has been received.
Please remember, if you haven’t already done so, to qualify for the £25 offer you also need to have made a qualifying investment between 17 August 2020 and 7 December ’20 (’Offer Period’).
A qualifying investment means one of the following:
a. Any new monthly regular savings plan (RSP) of £200 or more set up online (through the Fidelity Personal Investing website: fidelity.co.uk) into a new or existing Fidelity ISA, SIPP or investment Account during the Offer Period.
b. Any lump sum investment of £2,500 or more set up online (through the Fidelity Personal Investing website: fidelity.co.uk) into a new or existing Fidelity ISA, SIPP or Investment Account during the Offer Period.
The £25 cashback payment will be made to you within 30 days after the closure of the Offer.
You can view full offer terms and conditions here.
Cash Back Offer – terms and conditions
This Cash Back Offer (the “Offer”) is available when you apply to transfer your pension(s), ISAs or other investment account assets between 1st November 2021 and midnight on the 28th February 2022.
1. The promoter of this offer is Financial Administration Services Limited (“Fidelity”), Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
2. Subject to section 5, the Offer is available to anyone who completes a transfer of their assets from other providers to Fidelity Personal Investing. This offer is not open to those that transfer via an adviser or intermediary. To transfer assets you must submit a correctly completed form online or by paper by 28th February 2022.
3. Cash Back will be paid in the amounts noted in the table in section 9. If you transfer less than £10,000 you will not receive any Cash Back. The minimum transfer value is £1,000 unless the transfer is from another provider and you’re immediately going to start taking money from it, then the minimum is £50,000.
4. The following types of transfer will qualify for the Offer:
a. Cash transfer within ISAs and pension products – If you transfer in cash within ISAs and pensions, the provider you are transferring from will sell your investments and send the proceeds directly to us. We will hold them as cash within your account until you decide what you would like to invest in.
b. Re-registration – this involves a change to the fund or share register to show that Fidelity has taken over the administration of your investment/s. We can re-register your investments if the same investments are available through our Investment Platform, and they are able to be re-registered*. If you hold a particular share class of an investment that we do not offer, we will sell your investment after we re-register it and move the proceeds into a share class that is available on our Investment Platform. This switch can take up to two business days, and your money will not be invested during this time. If you hold an investment that is not available through our Investment Platform or is otherwise unable to be re-registered* it will only be able to be moved to us as a cash transfer (see above) if it is held in a pension or ISA. If the cash transfer is not within a pension or ISA, that amount will not count toward your total for the Offer. A re-registration does not count as a “disposal” for capital gains tax purposes, even if we switch your investment into a different share class. Please note that the minimum SIPP re-registration value is £1,000.
* Re-registration is not available for some products on the Fidelity Investment Platform. For example, a number of offshore funds cannot be re-registered.
5. This Offer excludes:
a. transfers of assets held in a product/account provided or administered by any company within Fidelity’s group of companies including, without limitation, transfers from the EBS SIPP and the Fidelity Personal Pension, or FundsNetwork SIPP, provided by Standard Life;
b. transfers of assets currently held through Fidelity FundsNetworkTM;
c. transfers from any defined contribution pension scheme investments held through, or administered by, a Fidelity group company;
d. transfers of any defined benefit, safeguarded benefit or otherwise guaranteed pensions;
e. transfers which are linked to an adviser or intermediary;
f. transfer of Junior SIPPs; Junior ISAs and
g. the lodgement of certificated shares
6. The Offer will also not apply to assets that are currently held in a product/account provided or administered by any company within Fidelity’s group of companies which are transferred to another provider and then moved to Fidelity Personal Investing.
7. Any other new investment will not qualify for the Offer.
8. Any transferred assets will be subject to the applicable client terms for the product your assets have been transferred to.
9. The amount of your Cash Back payment will be determined by reference to the “Total Transfer Value” as set out in the table below. Total transfer value will be calculated as at the date of completion of the transfer of your eligible assets (“Transfer Date”). If you transfer more than one product the Transfer Date will be the date when all the transfers have been completed.
Total Transfer Value | Cash Back Amount |
---|---|
£10,000 - £24,999 | £20 |
£25,000-£49,999 | £50 |
£50,000-£99,999 | £100 |
£100,000-£149,999 | £250 |
£150,000-£399,999 | £500 |
£400,000 - £499,999 | £750 |
£500,000 or over | £1,000 |
10. Cash Back payments will be paid to your Cash Management Account (CMA) within 90 days following closure of the Offer (28th February 2022). If the transfer of all of your eligible assets has not completed by then, we will pay within 90 days after the completion of your Transfer Date. The CMA is a separate account in your name that helps manage cash. The Cash Back can be kept in your CMA for fee collection, withdrawn or moved into whichever Fidelity Personal Investing account you choose. If moved into an ISA or SIPP, it will count towards your annual allowance.
11. We ask that the assets you move to us as part of this Offer be held with us for at least 18 months after your Transfer Date and must not be linked to any adviser or intermediary other than a Fidelity adviser during this period. If you transfer or re-register your assets to another provider within this 18-month period, Fidelity reserves the right to reclaim any Cash Back payment that was made to you as part of this Offer. For the avoidance doubt, if during this period you link to a Fidelity adviser and your assets are transferred to Fidelity FundsNetworkTM this does not constitute a transfer to another provider. Fidelity reclaim any Cash Back by withholding an amount prior to transferring or re-registering your assets to another provider. We will not reclaim any Cash Back from assets within a SIPP, other pension or ISA. Withdrawals from your account/s or income payment will not count as transfers for the purposes of this condition and will not result in our reclaiming your cash back payment.
We promote offers on a regular basis. However, it is important that you take enough time to decide whether transferring your investment(s) to us is right for you. If you need more time and wish to qualify for the offer, please wait until the next offer period.
Issued by Financial Administration Services Limited, which is authorised and regulated in the UK by the Financial Conduct Authority. Fidelity, Fidelity International, the Fidelity International logo and the F symbol are trademarks of FIL Limited.
UKM1021/36670/ CSO10591/0222
£25 Cashback Offer (“Offer”) - terms and conditions
- The promoter of this Offer is Financial Administration Services Limited (“Fidelity”), Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
- The maximum cashback we’ll pay is £25 per account. For example, if qualifying investments are made in an ISA, SIPP and Investment Account the maximum we would pay is £75 (£25 per account).
- To be eligible for the Offer you must:
a. Make a Qualifying Investment (see Section 4 below) between 9 June 2022 and 12 September 2022, inclusive (“Offer Period”); and
b. Complete and submit the Offer registration form on our website by midnight 12 September 2022. - A Qualifying Investment means one of the following:
a. Any new monthly regular savings plan of £200 or more set up online (through the Fidelity Personal Investing website: fidelity.co.uk) into a new or existing Fidelity ISA, SIPP or Investment Account during the Offer Period.
b. Any single lump sum investment of £2,500 or more set up online (through the Fidelity Personal Investing website: fidelity.co.uk) into a new or existing Fidelity ISA, SIPP or Investment Account during the Offer Period.
If within 12 months of making your investment, you cancel your regular savings plan, move your assets to another provider or withdraw your qualifying lump sum investment leaving less than the £2,500 minimum value required, Fidelity reserves the right to reclaim the £25 payment made to you as part of this Offer. - This Offer excludes:
• Investments made though an adviser; intermediary or Fidelity Adviser solutions (formerly FundsNetwork);
• Investments in a joint Investment Account;
• Investments in the Fidelity Junior ISA and Junior SIPP;
• Investments made via Bed and ISA;
• Investments into an Inheritance ISA (use of additional permitted subscriptions);
• Investments made into a Cash Management Account (CMA), or transfers from a CMA to a new or existing ISA, SIPP or Investment Account.
• Transfers or re-registrations from other providers;
• Transfers between Fidelity products;
• Amendments to the value of existing regular savings plans (i.e. top-ups) - Any personal information you submit to Fidelity will be maintained in accordance with the UK Data
Protection Act 2018 and used in accordance with the Fidelity Privacy Policy. - The £25 cashback payment will be paid to your Cash Management Account within 45 days following closure of the Offer (12 September 2022). The CMA is a separate account in your name that helps manage cash. The cashback can be kept in your CMA for fee collection, withdrawn or moved into whichever Fidelity Personal Investing account you choose. If moved into an ISA or SIPP, it will count towards your annual allowance.
- We will notify you by email, via the email address that you have provided for your Fidelity account, to let you know the cashback has been paid. You can update your personal details by logging into your account online.
- We reserve the right to change or withdraw the Offer at any time during the Offer Period except in relation to any customers who we determine have met both eligibility requirements set out in Section 3.
Issued by Financial Administration Services Limited, which is authorised and regulated in the UK by the Financial Conduct Authority. Fidelity, Fidelity International, the Fidelity International logo and the F symbol are trademarks of FIL Limited.
UKM0522/370886/CSO10938/120922
Cash Back Offer – terms and conditions
This Cash Back Offer (the “Offer”) is available when you apply to transfer your pension(s), ISAs or other investment account assets between 7th July 2022 and midnight on the 6th October 2022.
- The promoter of this offer is Financial Administration Services Limited (“Fidelity”), Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
- Subject to section 5, the Offer is available to anyone who completes a transfer of their assets from other providers to Fidelity Personal Investing. This offer is not open to those that transfer via an adviser or intermediary. To transfer assets, you must submit a correctly completed form online or by paper by 6th October 2022.
- Cash Back will be paid in the amounts noted in the table in section 9. If you transfer less than £10,000 you will not receive any Cash Back. The minimum transfer value is £100 unless the transfer is from another provider and you’re immediately going to start taking money from it, then the minimum is £50,000.
- The following types of transfer will qualify for the Offer:
a. Cash transfer within ISAs and pension products – If you transfer in cash within ISAs and pensions, the provider you are transferring from will sell your investments and send the proceeds directly to us. We will hold them as cash within your account until you decide what you would like to invest in.
b. Re-registration – this involves a change to the fund or share register to show that Fidelity has taken over the administration of your investment/s. We can re-register your investments if the same investments are available through our Investment Platform, and they are able to be re-registered*. If you hold a particular share class of an investment that we do not offer, we will sell your investment after we re-register it and move the proceeds into a share class that is available on our Investment Platform. This switch can take up to two business days, and your money will not be invested during this time. If you hold an investment that is not available through our Investment Platform or is otherwise unable to be re-registered* it will only be able to be moved to us as a cash transfer (see above) if it is held in a pension or ISA. If the cash transfer is not within a pension or ISA, that amount will not count toward your total for the Offer. A re-registration does not count as a “disposal” for capital gains tax purposes, even if we switch your investment into a different share class. Please note that the minimum SIPP re-registration value is £100.
* Re-registration is not available for some products on the Fidelity Investment Platform. For example, a number of offshore funds cannot be re-registered. - This Offer excludes:
a. transfers of assets held in a product/account provided or administered by any company within Fidelity’s group of companies including, without limitation, transfers from the EBS SIPP and the Fidelity Personal Pension, or Fidelity Adviser Solutions (formerly FundsNetwork) SIPP, provided by Standard Life;
b. transfers of assets currently held through Fidelity Adviser Solutions (formerly FundsNetwork);
c. transfers from any defined contribution pension scheme investments held through, or administered by, a Fidelity group company;
d. transfers of any defined benefit, safeguarded benefit or otherwise guaranteed pensions;
e. transfers which are linked to an adviser or intermediary;
f. transfer of Junior SIPPs; Junior ISAs and
g. the lodgement of certificated shares - The Offer will also not apply to assets that are currently held in a product/account provided or administered by any company within Fidelity’s group of companies which are transferred to another provider and then moved to Fidelity Personal Investing.
- Any other new investment will not qualify for the Offer.
- Any transferred assets will be subject to the applicable client terms for the product your assets have been transferred to.
- The amount of your Cash Back payment will be determined by reference to the “Total Transfer Value” as set out in the table below. Total transfer value will be calculated as at the date of completion of the transfer of your eligible assets (“Transfer Date”). If you transfer more than one product the Transfer Date will be the date when all the transfers have been completed.
Total Transfer Value Cash Back Amount £10,000 - £99,999 £100 £100,000 - £149,999 £300 £150,000 - £499,999 £500 £500,000 - £749,999 £750 £750,000 or over £1,500 - Cash Back payments will be paid to your Cash Management Account (CMA) within 90 days following closure of the Offer (6th October 2022). If the transfer of all of your eligible assets has not completed by then, we will pay within 90 days after the completion of your Transfer Date. The CMA is a separate account in your name that helps manage cash. The Cash Back can be kept in your CMA for fee collection, withdrawn or moved into whichever Fidelity Personal Investing account you choose. If moved into an ISA or SIPP, it will count towards your annual allowance.
-
We ask that the assets you move to us as part of this Offer be held with us for at least 18 months after your Transfer Date and must not be linked to any adviser or intermediary other than a Fidelity adviser during this period. If you transfer or re-register your assets to another provider within this 18-month period, Fidelity reserves the right to reclaim any Cash Back payment that was made to you as part of this Offer. For the avoidance doubt, if during this period you link to a Fidelity adviser and your assets are transferred to Fidelity Adviser Solutions (formerly FundsNetwork) this does not constitute a transfer to another provider. Fidelity reclaim any Cash Back by withholding an amount prior to transferring or re-registering your assets to another provider. We will not reclaim any Cash Back from assets within a SIPP, other pension or ISA. Withdrawals from your account/s or income payment will not count as transfers for the purposes of this condition and will not result in our reclaiming your cash back payment.
We promote offers on a regular basis. However, it is important that you take enough time to decide whether transferring your investment(s) to us is right for you. If you need more time and wish to qualify for the offer, please wait until the next offer period.
Issued by Financial Administration Services Limited, which is authorised and regulated in the UK by the Financial Conduct Authority. Fidelity, Fidelity International, the Fidelity International logo and the F symbol are trademarks of FIL Limited.
UKM0622/371040/CSO10993/061022
Let’s get started
Open an ISA
It’s easy to open an ISA online. Just enter your details and then choose from a regular savings plan or a one-off payment.
Open a Junior ISA
Start saving for a child’s future by investing in a Stocks and Shares Junior ISA on their behalf.
Top up your ISA
Already have an ISA or Junior ISA? You have until 5 April 2025 to use this year’s allowance.
New to investing? Download our ISA guide
Getting started is easy. Learn more about how investing in an ISA works.
ISA Calculator
Our ISA calculator can help you understand how much your savings could grow. Calculate how investing in a Stocks and Shares ISA could benefit you.
Bring your investments together
Having ISAs spread across multiple companies can be both time-consuming and costly. Bringing them together in one place means less stress and less paperwork. It’s easy to do with our straightforward transfer process. Just tell us where they’re currently held and we’ll take care of the rest.
We’ll also cover any exit fees if charged by your current provider, up to £500 per person. T&Cs apply.
Find out more about transferring ISAs to Fidelity.
ISA FAQs
What is a Stocks and Shares ISA?
A Stocks and Shares ISA (or investment ISA) is an account that allows you to invest in a wide range of investments such as individual shares, exchange-traded funds, bonds and investment trusts. You can invest up to the current ISA annual allowance with the benefit of not needing to pay tax on your investment gains. Please note we do not sell individual bonds.
What is the 2024/25 ISA allowance?
The 2024/25 ISA allowance is £20,000 and you have until 5 April 2025 to use it. Unfortunately, if you do not use all your ISA allowance in one year, you’re not able to carry this allowance over to the next year. That’s why it’s important to make the most of each year’s tax allowance where possible. Please note the annual ISA allowance may change in the future. The government decides what the allowance will be.
Find out more about the ISA allowance
What is the minimum amount needed to open an ISA?
You can start a regular savings plan from as little as £25 or make a lump sum payment with a minimum of £1,000. Once your account is open, you can put in as little or as much as you’d like, as long as it doesn’t exceed the £20,000 yearly ISA allowance limit.
Can I contribute to an ISA for someone else?
As a third party, you can contribute to an ISA investment account for someone else. Any contributions made to their ISA will come out of their allowance, not yours. Using our online application, you have the option to provide your payment details once the account holder has given consent.
What happens to my ISA if I die?
The tax benefits of the ISA continue during the administration of your estate or the third anniversary of your date of death if sooner. Once probate is granted, your personal representative can distribute your investments to the beneficiary or beneficiaries. If eligible, your spouse (or civil partner) would be entitled to an additional allowance based on the value of your ISA. This is known as an Additional Permitted Subscription (APS).
Do I have to put my money straight into investments?
No, if you are unsure where to invest, your money will be held as cash in your account until you are ready. If you are unsure where to invest, speak to one of Fidelity's advisers or an authorised financial adviser of your choice.
What happens to any income from a Stocks and Shares ISA?
The income generated by investments in a Stocks and Shares ISA can either be paid out directly to you, reinvested back into the investment it has come from or held as cash in your account. However, there are some investment types that will only have the option to reinvest so it is important to understand what your preference is before choosing investments.
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Important information - 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.
Cash Back Offer – terms and conditions
This Cash Back Offer (the “Offer”) is available when you apply to transfer your pension(s), ISAs or other investment account assets between 26th July 2023 and midnight on the 25th October 2023.
- The promoter of this offer is Financial Administration Services Limited (“Fidelity”), Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
- Subject to section 5, the Offer is available to anyone who completes a transfer of their assets from other providers to Fidelity Personal Investing. This offer is not open to those that transfer via an adviser or intermediary. To transfer assets, you must submit a correctly completed form online or by paper by 25th October 2023.
- Cash Back will be paid in the amounts noted in the table in section 9. If you transfer less than £10,000 you will not receive any Cash Back. The minimum transfer value for all products is £100. However, if you are transferring a pension from another provider and you’re immediately going to start taking money from it, known as pension drawdown, the minimum transfer value is £50,000.
- The following types of transfer will qualify for the Offer:
a. Cash transfer within ISAs and pension products – If you transfer in cash within ISAs and pensions, the provider you are transferring from will sell your investments and send the proceeds directly to us. We will hold them as cash within your account until you decide what you would like to invest in.b. Re-registration – With this type of transfer, you can keep the same investments as long as they're available on our platform. Where required, we will work with your existing provider to convert your units into a share class we can support before transferring them to us. Please note that a further conversion may be required to move you into the cheapest available share class on our platform. If a cheaper share class is available, we will also convert any existing holdings of that share class in your account. During this time, you will not be out of the market, and you may temporarily be converted into a share class with higher charges to facilitate the transfer. The share class conversion activity might take a few days and you will probably have a different number of units in the fund after you move as the prices of different share classes of the same fund are normally different.
If you hold an investment in a pension or ISA that is not available through our Investment Platform or is otherwise unable to be re-registered* it will be moved to us as a cash transfer (see above). Any investments held outside of a pension or ISA that cannot be re-registered will not be transferred to us. They will remain with the previous provider and will not count towards your total transfer value for the Offer. A re-registration does not count as a “disposal” for capital gains tax purposes, even if we switch your investment into a different share class. Please note that the minimum SIPP re-registration value is £100.
*Re-registration is not available for some products on the Fidelity Investment Platform. For example, a number of offshore funds cannot be re-registered. You can check what assets are available on our platform here
- This Offer excludes:
a. transfers of assets held in a product/account provided or administered by any company within Fidelity’s group of companies including, without limitation, transfers from the EBS SIPP and the Fidelity Personal Pension, or Fidelity Adviser Solutions (formerly FundsNetwork) SIPP, provided by Standard Life;
b. transfers of assets currently held through Fidelity Adviser Solutions (formerly FundsNetwork);
c. transfers from any defined contribution pension scheme investments held through, or administered by, a Fidelity group company;
d. transfers of any defined benefit, safeguarded benefit or otherwise guaranteed pensions;
e. transfers which are linked to an adviser or intermediary;
f. transfer of Junior SIPPs; Junior ISAs and
g. transfer of Lifetime ISAs (LISA)
h. the lodgement of certificated shares - The Offer will also not apply to assets that are currently held in a product/account provided or administered by any company within Fidelity’s group of companies which are transferred to another provider and then moved to Fidelity Personal Investing.
- Any other new investment will not qualify for the Offer.
- Any transferred assets will be subject to the applicable client terms for the product your assets have been transferred to.
- The amount of your Cash Back payment will be determined by reference to the “Total Transfer Value” as set out in the table below. Total transfer value will be calculated as at the date of completion of the transfer of your eligible assets (“Transfer Date”). If you transfer more than one product the Transfer Date will be the date when all the transfers have been completed.
Total Transfer Value Cash Back Amount £10,000 - £49,999 £100 £50,000 - £99,999 £200 £100,000 - £149,999 £350 £150,000 - £499,999 £500 £500,000 - £749,999 £750 £750,000 or over £1,500 -
Cash Back payments will be paid to your Cash Management Account (CMA) within 90 days following closure of the Offer (25th October 2023). If the transfer of all of your eligible assets has not completed by then, we will pay within 90 days of your Transfer Date. The CMA is a separate account in your name that helps manage cash. The Cash Back can be kept in your CMA for fee collection, withdrawn or moved into whichever Fidelity Personal Investing account you choose. If moved into an ISA or SIPP, it will count towards your annual allowance.
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We ask that the assets you move to us as part of this Offer be held with us for at least 18 months after your Transfer Date and must not be linked to any adviser or intermediary other than a Fidelity adviser during this period. If you transfer or re-register your assets to another provider within this 18-month period, Fidelity reserves the right to reclaim any Cash Back payment that was made to you as part of this Offer. For the avoidance doubt, if during this period you link to a Fidelity adviser and your assets are transferred to Fidelity Adviser Solutions (formerly FundsNetwork) this does not constitute a transfer to another provider. Fidelity reclaim any Cash Back by withholding an amount prior to transferring or re-registering your assets to another provider. We will not reclaim any Cash Back from assets within a SIPP, other pension or ISA. Withdrawals from your account/s or income payment will not count as transfers for the purposes of this condition and will not result in our reclaiming your cash back payment.
We promote offers on a regular basis. However, it is important that you take enough time to decide whether transferring your investment(s) to us is right for you. If you need more time and wish to qualify for the offer, please wait until the next offer period.
Issued by Financial Administration Services Limited, which is authorised and regulated in the UK by the Financial Conduct Authority. Fidelity, Fidelity International, the Fidelity International logo and the F symbol are trademarks of FIL Limited.
UKM0623/381660/CSO11550/251023
Cash Back Offer – terms and conditions
This Cash Back Offer (the “Offer”) is available when you apply to transfer your pension(s), ISAs or other investment account assets between 27th November 2023 and midnight on 1st April 2024.
- The promoter of this offer is Financial Administration Services Limited (“Fidelity”), Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
- Subject to section 5, the Offer is available to anyone who completes a transfer of their assets from other providers to Fidelity Personal Investing. This offer is not open to those that transfer via an adviser or intermediary. To transfer assets, you must submit a correctly completed transfer application form online or by paper by 1st April 2024.
- Cash Back will be paid in the amounts noted in the table in section 9. If you transfer less than £25,000 you will not receive any Cash Back. The minimum transfer value for all products is £100. However, if you are transferring a pension from another provider and you’re immediately going to start taking money from it, known as pension drawdown, the minimum transfer value is £50,000.
- The following types of transfer will qualify for the Offer:
- Cash transfer within ISAs and pension products – If you transfer in cash within ISAs and pensions, the provider you are transferring from will sell your investments and send the proceeds directly to us. We will hold them as cash within your account until you decide what you would like to invest in.
- Re-registration – With this type of transfer, you can keep the same investments as long as they're available on our platform. Where required, we will work with your existing provider to convert your units into a share class we can support before transferring them to us. Please note that a further conversion may be required to move you into the cheapest available share class on our platform. If a cheaper share class is available, we will also convert any existing holdings of that share class in your account. During this time, you will not be out of the market, and you may temporarily be converted into a share class with higher charges to facilitate the transfer. The share class conversion activity might take a few days and you will probably have a different number of units in the fund after you move as the prices of different share classes of the same fund are normally different.
If you hold an investment in a pension or ISA that is not available through our Investment Platform or is otherwise unable to be re-registered* it will be moved to us as a cash transfer (see above). Any investments held outside of a pension or ISA that cannot be re-registered will not be transferred to us. They will remain with the previous provider and will not count towards your total transfer value for the Offer. A re-registration does not count as a “disposal” for capital gains tax purposes, even if we switch your investment into a different share class. Please note that the minimum SIPP re-registration value is £100.
*Re-registration is not available for some products on the Fidelity Investment Platform. For example, a number of offshore funds cannot be re-registered. You can check what assets are available on our platform here.
- This Offer excludes:
- transfers of assets held in a product/account provided or administered by any company within Fidelity’s group of companies including, without limitation, transfers from the EBS SIPP and the Fidelity Personal Pension, or Fidelity Adviser Solutions (formerly FundsNetwork) SIPP, provided by Standard Life;
- transfers of assets currently held through Fidelity Adviser Solutions (formerly FundsNetwork);
- transfers from any defined contribution pension scheme investments held with, or in relation to, a current employer through, or administered by, a Fidelity group company;
- transfers of any defined benefit, safeguarded benefit or otherwise guaranteed pensions;
- transfers which are linked to an adviser or intermediary;
- transfer of Junior SIPPs; Junior ISAs and
- transfer of Lifetime ISAs (LISA)
- the lodgement of certificated shares
- The Offer will also not apply to assets that are currently held in a product/account provided or administered by any company within Fidelity’s group of companies which are transferred to another provider and then moved to Fidelity Personal Investing.
- Any other new investment will not qualify for the Offer.
- Any transferred assets will be subject to the applicable client terms for the product your assets have been transferred to.
- The amount of your Cash Back payment will be determined by reference to the “Total Transfer Value” as set out in the table below. Total transfer value will be calculated as at the date of completion of the transfer of your eligible assets (“Transfer Date”). If you transfer more than one product the Transfer Date will be the date when all the transfers have been completed.
Total Transfer Value Cash Back Amount £25,000 - £49,999 £200 £50,000 - £99,999 £500 £100,000 - £249,999 £1,000 £250,000 - £749,999 £1,250 £750,000 - £999,999 £1,500 £1,000,000 or over £2,000 - Cash Back payments will be paid to your Cash Management Account (CMA) within 90 days following closure of the Offer (1st April 2024). If the transfer of all of your eligible assets has not completed by then, we will pay within 90 days of your Transfer Date. The CMA is a separate account in your name that helps manage cash. The Cash Back can be kept in your CMA for fee collection, withdrawn or moved into whichever Fidelity Personal Investing account you choose. If moved into an ISA or SIPP, it will count towards your annual allowance.
- We ask that the assets you move to us as part of this Offer be held with us for at least 18 months after your Transfer Date and must not be linked to any adviser or intermediary other than a Fidelity adviser during this period. If you transfer or re-register your assets to another provider within this 18-month period, Fidelity reserves the right to reclaim any Cash Back payment that was made to you as part of this Offer. For the avoidance doubt, if during this period you link to a Fidelity adviser and your assets are transferred to Fidelity Adviser Solutions (formerly FundsNetwork) this does not constitute a transfer to another provider. Fidelity reclaim any Cash Back by withholding an amount prior to transferring or re-registering your assets to another provider. We will not reclaim any Cash Back from assets within a SIPP, other pension or ISA. Withdrawals from your account/s or income payment will not count as transfers for the purposes of this condition and will not result in our reclaiming your cash back payment.
We promote offers on a regular basis. However, it is important that you take enough time to decide whether transferring your investment(s) to us is right for you. If you need more time and wish to qualify for the offer, please wait until the next offer period.
Issued by Financial Administration Services Limited, which is authorised and regulated in the UK by the Financial Conduct Authority. Fidelity, Fidelity International, the Fidelity International logo and the F symbol are trademarks of FIL Limited.
UKM1124/384619/CSO CSO11848/010424
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Please remember that past performance is not necessarily a guide to future performance, the performance of investments 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. This website does not contain any personal recommendations for a particular course of action, service or product. 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. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.