Stocks and shares ISA: can I open 2 accounts

max11

Hi All.
Can I open 2 different accounts within the limit of £7,200?
Thanks

jem16

No you can't.

If you want to use funds from different providers use a funds supermarket like Hargreaves Lansdown, Fidelity or Cofunds.

max11

Thanks!just ONE funds supermarket broker anyway?
actually I use HL

jem16

max11 wrote: »

Thanks!just ONE funds supermarket broker anyway?

Yes just one ISA provider.

actually I use HL

So did you want to use H-L and another ISA provider?

max11

I invested £3,600 last year, I was about to invest the same amount for this year with HL and was wondering if I will be compelled to invest with them the residual amount durign the year

jem16

If the £3600 was invested in the last tax year - i.e. before 6th April 2009, you are free to invest wherever you like for this tax year, It's one provider in one tax year but you can have as many different providers altogether as you like.

Also your allowance is £7200 ( or £10,200 if over 50 as from october ) for each tax year.

max11

Very good, very clear, thanks

Lansdowne

jem16 wrote: »

Also your allowance is £7200 ( or £10,200 if over 50 as from october ) for each tax year.

Just to be clear for any other readers: the limit is that amount less any amount you place in a Cash ISA during the year.