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In this section
Important information - the value of investments and the income from them can go down as well as up so you may get back less than 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. 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).
Open an account in 3 steps
Choose an account
Whether you're saving for a specific goal, retirement or your children's future, we have an account to support you.
Add money to your account
As part of opening your account you'll need to add cash to it or transfer your investments from another provider. You'll then be ready to invest - step 3.
Choose your investments
Now your cash is in your account, it's time to choose your investments from the thousands on offer and start investing.
1. Choose an account
Stocks and Shares ISA
Our award-winning Stocks and Shares ISA benefits from great tax advantages. Invest up to £20,000 a year - from as little as £25 a month or a £1,000 lump sum - with tax-free returns.
Self-invested personal pension (SIPP)
Invest for your retirement from £20 a month and HMRC will contribute at least 20% to each payment you make. You can withdraw from your pension at 55 (57 from 2028).
Investment Account
There's no limit to how much you can invest with our Investment Account. Any earnings are subject to UK tax. Start from as little as £25 a month or a £1,000 lump sum.
We don't charge service fees on our junior accounts, so more of your contributions go towards the investments for them.
Junior ISA
Invest up to £9,000 a year for a child's future, starting from as little as £25 a month or a £100 lump sum, and pay no UK tax on any earnings. The child can access the money when they reach 18.
Junior SIPP
Invest up to £2,880 a year - from £20 a month - and HMRC will add 20% to each payment you make. Control passes when the child reaches 18 and they can withdraw from 55 (57 from 2028).
2. Add money to your account
As part of opening your account you'll be shown how to add cash to it. There's three ways you can do this:
- a single payment with a debit card
- setting up a regular savings plan
- or transferring your investments from another provider
If you've got ISAs, pensions or investment accounts spread across different providers, transferring them to Fidelity can help you manage them quickly and easily in one place. We'll cover any exit fees your current provider may charge when transferring your investments - up to £500 per person. *T&Cs apply. Learn more about transferring to Fidelity.
3. Choose your investments
Once you've opened an account, it's time to choose your investments. We've plenty of tools to help you decide, depending on how much support you want.
Important information - please note that these guidance tools are not a personal recommendation in respect of a particular investment. If you need additional help, please 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.
Open an account FAQs
What do I need to open an account?
To open an account with Fidelity, in general you'll need the following ready:
- Your National Insurance (NI) number
- Debit card details (for a single payment) or bank or building society details (if you're planning on setting up a regular savings plan)
If you're opening a Self-Invested Personal Pension (SIPP) and 55 or over, you'll also need details of your annual allowance.
To open a junior account - a JISA or JSIPP - you'll also need:
- The child's NI number if they're 16 or over
- If you're opening a JSIPP and the child is 16 or above, the child will need to be present to agree to the tax relief declaration.
If you're transferring an account to Fidelity you'll need the details of your current provider. Learn more about transferring your investments to Fidelity.
How many ISAs can I have?
You can hold as many stocks and shares ISAs as you like across different providers.
How many pensions can I have?
There is no limit to the amount of pensions you can hold. However, you should keep in mind that there are annual and lifetime limits regarding how much you can save tax efficiently in your pensions. And these are per person, not per pension scheme.
How many Junior ISAs can a child have?
A child can hold only one Cash Junior ISA and one Stocks and Shares Junior ISA.
The total contribution between both accounts must not exceed the annual allowance of £9,000.
How many Junior SIPPs can a child have?
There is no limit to the amount of Junior SIPPs your child can have. However, you should keep in mind that there are annual and lifetime limits regarding how much you can save tax efficiently in pensions. And these are per person, not per pension scheme.
What should I expect when opening an account?
There are three main steps to opening an account:
- Complete your personal details
We aim to verify your identity electronically during the online process but if we’re unable to, we‘ll ask you to upload your documents online so we can confirm your identity. - Add money to the account
This can be done in one of the following ways:
- a one-off payment with a debit card
- by setting up a regular savings plan
- or transferring investments from another provider to us - Finally, don’t forget to invest
You can select your investments immediately, or at a later time if you need to do some research first. We have a number of guidance tools to help you. But please remember, your money is just held as cash in your account until you choose your investments.
What are the fees for holding an account?
It's important to understand fees and charges; that's why we make it easy to keep track.
- There are fees charged directly by Fidelity, which pay for our service.
- Then there are investment charges, which are set by the companies and funds you are investing into.
We don't charge anything for buying, selling or switching funds or exit fees.
We don’t charge a service fee until you’ve invested the money (cash) in your account.
Fees charged by Fidelity
- Service fee - our annual service fee pays for everything we offer, including our guidance tools, news and insights from industry experts, and our secure, easy-to-use investing platform. What you pay depends on how much money you hold in your personal accounts. It's typically 0.35%, but it can be as little as 0.2% and is not charged on investments over £1m. You can also pay it monthly. We don’t charge a service fee on investments held in a Junior ISA or Junior SIPP, but you still get access to everything we have to offer.
- Straightforward dealing fees - we don't charge anything for buying, selling or switching funds. There's a £7.50 charge for online deals on shares, exchange-traded funds and investment trusts (£30 for phone deals). There may also be government levies, Stamp Duty or taxes that apply. When you deal an international share you'll also pay a foreign exchange (FX) charge and there may be additional charges for certain international markets.
Investment charges
- Investment charges are set by the companies managing your funds. We've negotiated a discount on these for hundreds of funds on our platform. Check the investment's factsheet or Key Information Document for details.
We collect fees from a separate Cash Management Account, before we look to take money or sell from investments held in your account.
Learn more about fees and charges.
Try our fees calculator to get an estimate of the annual service and dealing fees you'll pay when investing with us.
How do I pay fees and when?
We deduct your service fee around the first of every month. When you open an account with Fidelity, you automatically get a Cash Management Account, which is used to pay fees.
We’ll only look to sell investments to pay fees if there isn’t enough cash in this Cash Management Account. When we do this, we have a hierarchy and start by selling from your largest investment by value and by asset class. This means for example we would take the fee from the largest fund before we take it from an exchange-traded fund or investment trust.
Learn more about fees and charges.
We do not charge a service fee on money held in your Cash Management Account and we pay interest on this account. Learn more about how we manage your cash.
How do I manage my account?
We have a range of how to guides to help you explore and manage your account.
New to investing?
We'll help you get on the right track. Our Investing for beginners page introduces you to key investing terms and tools that will help you decide how and if you're ready to invest.
Personal financial advice
If you have more than £100,000 to invest, our financial advisers can help you make the most of your money. Just call us on 0800 222 550 for a free no-obligation discussion about your needs.
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.
Compare accounts
If you're looking at this on your mobile or tablet, please scroll to the left for more.
Stocks and Shares ISA | Self-Invested Personal Pension (SIPP) | Investment Account | Junior ISA | Junior SIPP | |
---|---|---|---|---|---|
Invest from | £1,000 lump sum or £25 per month | £800 lump sum or £20 per month - HMRC will add basic tax relief of 20% to each payment (or more if you pay higher tax rates) | £1,000 lump sum or £25 per month | £1,000 lump sum or £25 per month | £800 lump sum or £20 per month - HMRC will add 25% to each payment |
Max annual contribution (current tax year) | £20,000 | Tax relief up to £60,000 or 100% of your earnings if you earn less than this. | Unlimited | £9,000 | £2,880 from the child and £720 in tax relief making a total of £3,6001 |
Tax | Earnings free of UK tax | Earnings free of UK tax | Subject to UK tax | Earnings free of UK tax | Earnings free of UK tax |
Restrictions | None | Withdraw up to 25% tax free from 55 (57 from 2028) | None | Transfers to child when 18 | Transfers to child when 18. Child can withdraw from retirement age – currently 552 |
Annual service fee | From 0.2% to 0.35% | From 0.2% to 0.35% | From 0.2% to 0.35% | No service fee | No service fee |
Explore Stock & Shares ISA | Explore SIPP | Explore Investment Account | Explore Junior ISA | Explore Junior SIPP |
1for children who aren’t earning.
2Withdrawals could be subject to income tax and tax rules could change in the future. The minimum age that most customers can access their pension benefits is age 55 (57 from 2028).
Open an ISA
If you're ready to proceed, make sure you have the following information with you:
- Your National Insurance number.
- Debit card details, if you'd like to open the account with a single payment - minimum £1,000.
- Bank or building society details, if you'd like to set up a regular savings plan - minimum £25 a month.
Open a SIPP
If you're ready to proceed, make sure you have the following information with you:
- Your National Insurance number
- Debit card details, if you'd like to open the account with a single payment - minimum £800.
- Bank or building society details, if you'd like to set up a regular savings plan - minimum £20 a month.
- Your annual allowance (if you're over 55)
Open an Investment Account
If you're ready to proceed, make sure you have the following information with you:
- Debit card details, if you'd like to open the account with a single payment - minimum £1,000.
- Bank or building society details, if you'd like to set up a regular savings plan - minimum £25 a month.
- Your tax identification number (if your tax residency is outside the UK)
Open a Junior ISA
Make sure you have the following information with you:
- A National Insurance number for the junior account holder (if they have one)
- Debit card details (for a single payment)
- Bank or building society details (if you’re planning on setting up a regular savings plan)
Open a Junior SIPP
If you’re ready to proceed, you'll need:
- Your National Insurance number
- If the child is 16 or above - their National Insurance number and their agreement to the tax relief declaration. The child must be present to provide their confirmation.
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.
Policies and important information
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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.