Two ISA providers in same year

Robie

I think the answer is no but could I have two S&S ISA providers for a year? Of course, the total invested would be £5100 max, i.e. limit for the year.

For example, (now go with me on this) H&L and Fidelity (for the sake of argument only). The reason I ask is that the minimum investment per fund with H&L is £1000 and I would like to invest (say £500) less.

Thanks.

Robie

Baldur

You can only subscribe new S&S ISA funds to one provider per tax year - http://www.hmrc.gov.uk/isa/faqs.htm#9

Robie

Baldur wrote: »

You can only subscribe new S&S ISA funds to one provider per tax year - http://www.hmrc.gov.uk/isa/faqs.htm#9

Thanks. I suspected as much.

pressuredrop_2

Robie wrote: »

The reason I ask is that the minimum investment per fund with H&L is £1000 and I would like to invest (say £500) less.

HL do monthly savings. Minimum £50 per fund per month.

Easy enough to invest £500. Open, invest £500, cancel.

Mikeyorks

And the limit is £10200 ............. unless you've already used the max cash allowance of £5100?

Robie

pressuredrop wrote: »

HL do monthly savings. Minimum £50 per fund per month.

Easy enough to invest £500. Open, invest £500, cancel.

Good one - didn't think of that one.