If you’re currently looking for a Stocks & Shares ISA you may be wondering what Fidelity ISA options are currently available, Fidelity offer a Stocks and Shares ISA as well as a Junior ISA. However to try and get the most of your maximum annual ISA allowance it is a good idea to first compare offerings from different providers to try and find the best buy option for you. You can use the comparison table on this page to compare different kinds of ISAs from various providers and click the links to apply:
- Fidelity Stock and Shares ISA – Allows you to invest in equity funds, bond funds and cash. Your account can be accessed online 24/7. Fidelity allows you to hold money in your account for as long as you want move it into investments when you see the opportunity; you have the option of investing into ready-made funds or self-select your funds from different providers using their Fund Supermarket.
- Fidelity Junior Stocks & Shares ISA – Allows you to invest for a child’s future. When the child becomes 18 it becomes their ISA and assume full control.
Types of ISA
Before you take out an ISA it is a good idea to make sure that you understand all of its features so you make the right choice for your circumstances to try and get the most out of your annual allowance. There two distinct types of ISA Stocks & Shares ISAs and Cash ISAs. You can have one of each kind of ISA each tax year, however if you decide to open both kinds of ISA then you will to break up your annual maximum ISA allowance between the two because it will remain the same.
- Stocks & Shares ISA – Is a kind of investment account that offers a tax-efficient ‘wrapper’ for your money, a Stocks & Shares ISA is not an investment in itself, rather you can use it to invest in other products such as funds, corporate and government bonds and other investment products. These are capital at risk products; this means that you could end up with less than you originally invested if the value of your investments decreases. There are Self Select Options which require you to directly pick the stocks and shares you invest in as well as plans that work as collective investments schemes which pool your money with other investors into funds. This type of account means you will still incur tax on share dividends but you will not be charged Capital Gains or Income Tax on ISA returns.
- Cash ISAs –These are essentially the same as any savings account offered by a bank or building society, the chief difference is that up to your maximum allowance any interest that accrues on your account is tax-free. This kind of product is normally capital protected.
All providers of ISAs must allow you to transfer them to other providers; they can however place an interest penalty for doing so. This means that while it is a good idea to check the market to see if another provider could offer you a better deal, before you switch you should also check to make sure that in doing so you would not actually lose out on more overall due to the penalty.