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Fidelity Special Situations Fund ISA

Invest in a Fidelity Special Situations Fund ISA in 2022

Investment ISAs put your capital at risk & you may get back less than you originally invested

Stocks & Shares ISA

from Fidelity

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 4,000 investment options, including one of the widest fund ranges in the UK. With online guidance tools and expert fund ideas to help you choose. Capital at risk
  • Invest From: £25 pm

Stocks & Shares ISA

from Nutmeg

Allows ISA Transfers
  • Fund Choice: Nutmeg offer 4 diversified portfolios with ETFs, using technology to keep charges low.
  • Invest From: Min. £500 single

Share Dealing ISA

from Interactive Investor

Allows ISA Transfers
  • Trade From (frequent trader rate): £7.99 (Investor Plan: Flat fee of £9.99pm with one free trade)

Share Dealing ISA

from AJ Bell

Allows ISA Transfers
  • Trade From (frequent trader rate): £4.95
  • Trade From (standard trader rate): £9.95

Stocks & Shares ISA

from Best Invest

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: Over 2,500 funds, UK shares, investment trusts and ETFs or choose Ready Made & Managed Portfolios
  • Invest From: No minimum

Share Dealing ISA

from Hargreaves Lansdown

Allows ISA Transfers
  • Trade From (frequent trader rate): £5.95 per trade - 20 trades + pm
  • Trade From (standard trader rate): £11.95 per trade

Stocks & Shares ISA

from Wealthify

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have an investment Plan built and managed for you.
  • Invest From: £1

Stocks & Shares ISA

from InvestEngine

Allows ISA Transfers
Regular Savings
  • Fund Choice: Offering commission-free DIY investing or low-cost, professionally managed income or growth portfolios built for you
  • Invest From: £100

Stocks & Shares ISA

from Willis Owen

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from a wide range of funds, shares, investment trusts and ETFs. Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.
  • Invest From: £25

Stocks & Shares ISA

from Moneyfarm

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have it matched to an investment portfolio expertly built and managed.
  • Invest From: £1,500
See Deal Up to £400 for all new users that create an account until the end of April

Investment ISA

from Barclays Smart Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in over 2,000 funds, plus Exchange Traded Funds, Investment Trusts, Shares and more. 5 Ready-made Investment funds if you’re not sure where to invest. Capital at risk.
  • Invest From: Any amount

Share Dealing ISA

from IG

Allows ISA Transfers
  • Trade From (frequent trader rate): £3.00
  • Trade From (standard trader rate): £8.00

What is a Fidelity Special Situations Fund ISA?

A Fidelity Special Situations Fund ISA is a Stocks and Shares ISA that invests in the Fidelity Special Situations Fund.

What is a Stocks and Shares ISA?

A Stocks and Shares ISA is a type of tax-free savings account that allows you to invest in the stock market.

ISAs are completely free from income tax and capital gains tax.

You keep 100% of your profits from dividends and investment growth within a Stocks and Shares ISA as they’re tax efficient accounts.

What is the Fidelity Special Situations Fund?

Fidelity’s Special Situations Fund is a managed fund, specifically an open-ended investment company (OEIC), managed by Fidelity’s investment professionals.

You can invest in the fund through an investment platform such as Hargreaves Lansdown or Fidelity’s own share platform.

Units of the fund can be purchased within a Stocks and Shares ISA account provided by your platform, and you can invest from as little as £100.

What does the Fidelity Special Situations Fund invest in?

Here are the key facts to know before investing:

The investment fund invests in a range of companies in the UK and abroad, with a focus on UK stocks specifically.

At least 70% of its holdings will be UK companies at all times.

The fund has two main investment strategies:

  1. It will choose companies it believes to be undervalued by the market
  2. It will choose companies it expects to have recovery potential from a drop in market value

The fund invests for long term growth and generally aims to increase its value over a period of 5 years or more.

It’s therefore a suitable investment for a long term savings strategy.

Its performance can fluctuate, and its value can go both up and down, meaning you could lose money in your investment over the short term.

The Fidelity Special Situations Fund is graded as risk level 6 of 7, placing it high on the risk level, meaning it can fluctuate fairly significantly in value compared to safer investments.

How do I open a Fidelity Special Situations Fund ISA?

1. Open a self-select (also known as a DIY or self-invested) Stocks and Shares ISA account

You can do this via an investment platform online, and the process takes between 10-15 minutes.

2. Contribute up to £20,000 into your ISA

You can do this via a debit card payment, or by setting up a monthly direct debit contribution

3. Purchase units in the Fidelity Special Situations Fund

Navigate to the Fidelity fund via your online account and purchase units in the fund. You can mix and match with other funds and shares too if you wish.

Can I transfer an existing ISA into a Fidelity Special Situations Fund ISA?

If you have existing Cash or Stocks and Shares ISAs you want to transfer into the Fidelity Special Situations Fund, you can do so without it affecting your annual ISA allowance.

This means you can transfer as many ISAs you want to a new provider and still add £20,000 of new money if you wish.

To transfer a previous year’s ISA:

  1. Complete an ISA transfer form with your new ISA provider
  2. Post it back to your provider
  3. They will complete your ISA transfer for you
  4. Once it completes, invest your ISA savings into the Fidelity Special Situations Fund
Sam Hodgson
Edited by Sam Hodgson - ISA.co.uk

Frequently Asked Questions

No. You can switch providers with an ISA transfer if you wish. You can also contribute to other ISA providers in separate tax years.

ISA accounts are authorised and regulated by the Financial Conduct Authority (FCA). This means that all ISA providers are covered by the Financial Services Compensation Scheme (FSCS) for up to £85,000 if they go out of business.

Please note that this may not apply to the underlying holdings within a Stocks and Shares ISA, and will not cover standard investment losses. 

No, ISA stands for Individual Savings Account and must be solely owned for tax purposes.

Your investments can go up as well as down, and so you should always be prepared for the event that you could lose money.

You can withdraw money at any time from your Stocks and Shares ISA.

Yes. Most providers allow you to have dividends automatically paid out to your bank account upon receipt. You can also have them reinvested automatically, too.

You will be charged an annual management charge from your investment ISA provider, and you may also need to pay ad hoc administration and dealing charges.

The funds you invest in may also charge an annual fee. 

You can withdraw online, by phone or by post. You will need to sell your investments first and you may be charged a dealing fee to do this.

Most ISA withdrawals will complete in approximately five working days, but they could take longer depending on the assets you need to sell.

The annual ISA allowance is set by HMRC each year, and the current limit is £20,000 per person for the 2022/23 tax year.

There is no limit to how much you can withdraw from your Stocks and Shares ISA, but the funds you withdraw will lose their ISA status. You may be charged an account closure fee if you withdraw everything.

Important Risk Information:

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website aims to provide information to help you make your own informed decisions. It does not provide personal advice based on your circumstances. If you are unsure of how suitable an investment is for you, please seek personal advice.