We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
How many stocks and shares isa's per year
Horlock
Posts: 1,027 Forumite
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.
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.
There is no intelligent life out there ... ask any goldfish!
0
Comments
-
Exactly the same as cash ISAs, you can only open and pay in to one.Remember the saying: if it looks too good to be true it almost certainly is.0
-
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....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.0 -
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:There is no intelligent life out there ... ask any goldfish!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards