How many stocks and shares isa's per year

Horlock · 18 February 2017 at 10:08PM

I know that you are only allowed to open one cash isa per year, but is there a limit to how many stocks and shares isas.

The reason I ask is I would like to add a small amount to one stocks and shares isa that I hold, the purpose of this money is saving for the children and it is coming out of one of my children's accounts.

I would like to open my own isa to start to save towards paying off the mortgage - note over paying is a bad idea on my current mortgage as the interest rate is so low I'm better investing and then paying off a lump sum further down the road.

jimjames · 18 February 2017 at 10:17PM

Exactly the same as cash ISAs, you can only open and pay in to one.

eskbanker · 19 February 2017 at 1:22AM

Horlock wrote: »

I would like to add a small amount to one stocks and shares isa that I hold, the purpose of this money is saving for the children and it is coming out of one of my children's accounts.

If you haven't already, you can open Junior ISAs for your children and save or invest via them (separately from your own), which is what they're intended for....

Horlock · 22 February 2017 at 11:58PM

eskbanker wrote: »

If you haven't already, you can open Junior ISAs for your children and save or invest via them (separately from your own), which is what they're intended for....

Thanks but not interested. No offence to my kids but I'll keep their money in my name. I was in the bank the other day listening to a parent requesting to withdraw the money they had saved for their just turned 18 year old - account had now defaulted to the young adult - parent has no right to the money at all.

Obviously I would like to think that my children will be fine responsible mature wise with money sense when they reach 18. But there is still a chance they will take after their mother:rotfl:

How many stocks and shares isa's per year

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