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Tax allowances

Invest tax-efficiently to make the most of your money

  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.

Don't pay more tax than you need to

You want to make the most of whatever money you're putting aside, be it for yourself, your retirement or your children. An effective way to do this is to use your valuable tax allowances. 

But what is a tax allowance? Most people get a personal allowance - an amount of income you don't have to pay tax on. Any income above this is taxed at your income tax rate. You also have tax-free allowances for things like savings interest, dividend income and capital gains. An Individual Savings Account (ISA) is a tax-exempt account - as long as you don’t contribute more than its annual allowance allows. Self-Invested Personal Pension (SIPP) contributions are eligible for tax relief within pension allowances. 

Scroll down for information on tax allowances, including news on the latest government changes to allowances, and how different tax-efficient accounts compare.

Tax-efficient investing

Find out how tax-efficient accounts work in practise and how you can make the most of them.

What's new

We'll keep you updated with the latest tax allowances news.

Tax-efficient accounts and allowances

ISAs and SIPPs

Learn more about how each account works and how they could suit your future goals.

Make the most of your pension allowances

Explore what pension allowances and limits apply to you and how to maximise your pension savings.

Capital Gains Tax

Learn more about Capital Gains Tax and why you don't pay it on your ISA or SIPP investments.

Passing on wealth and inheritance

Learn more about passing on wealth to your loved ones and ways to invest an inheritance.

Investing for children

Invest tax-free for a child's future with a Junior ISA and SIPP.

Other tax allowances

Personal Income Tax rates
Personal savings allowance
Marriage allowance
Dividend allowance

Expert insights and further support

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Gemma Evangelou

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Nafeesa Zaman

Fidelity International

Need a little more help?

If you have more than £100,000 to invest our financial advisers can help you make the most of your money.
Call us on 0800 222 550 for a free no-obligation discussion about your needs.

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Important information - Tax treatment depends on individual circumstances and all tax rules may change in the future. Withdrawals from a Junior ISA will not be possible until the child reaches age 18. You can't normally access money in a pension until age 55 (57 from 2028). 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. You should regularly reassess the suitability of your investments to ensure they continue to meet your attitude to risk and investment goals.