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?
- No income or capital gains tax to pay on your earnings.
- 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?
- Receive tax relief based on how much 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 up to your annual earnings, but tax relief is limited to £60,000 or less. Where you have no earnings you can still contribute £3,600. Start from as little as £20 monthly or a £800 lump sum.
- 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 lumpsum allowance. Inheritance tax doesn't apply if you die before taking your pension.
Investment account
Not available
- Is it tax efficient?
- Annual earnings up to £3,000 are exempt from capital gains tax.
- 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?
- They do not pay income or capital gains tax on their earnings.
- Is the money easy to access?
- Once your child reaches 18, they can access the money in their Junior ISA.
- How much can I invest?
- £9,000 this tax year. Start from £25 monthly or a £100 lump sum.
- Who is eligible?
- UK residents, under 18 who were born after 2 Jan 2011.
- Good to know
- Can hold both cash and stocks and shares.
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.
Your Junior SIPP checklist
If you’re ready to proceed, you'll need:
- Your National Insurance number
- If the child is 16 or above - Junior's National Insurance number and their agreement to the tax relief declaration. The child must be present to provide their confirmation.
Once the account is open, you’ll be able to contribute by:
- Making a single payment via debit card, bank transfer or cheque
- If you want to set up regular contributions by direct debit or request payment from a third party, a form will be available to download at the end of the application.
