number of ISAs?

straggler

Hi all,

What's the maximum number of ISA accounts I can hold? I have a three year, fixed rate ISA in which I can't invest any more than my original deposit plus a bog standard Santander ISA. Next tax year I'd like to open another fixed rate but am not sure whether that's allowed.

And is there a maximum overall amount that can be held in ISA accounts?

Thanks.

Baldur

straggler wrote: »

What's the maximum number of ISA accounts I can hold? I have a three year, fixed rate ISA in which I can't invest any more than my original deposit plus a bog standard Santander ISA. Next tax year I'd like to open another fixed rate but am not sure whether that's allowed.

Yes it is.

You could, if you wished, open & fund one new Cash ISA every tax year - probably rather unwieldy, though.....

And is there a maximum overall amount that can be held in ISA accounts?

No - the only limitation (other than annual subscription limits) is interest rates (Cash ISAs) or investment returns (Stocks & Shares ISAs)

straggler

No - the only limitation (other than annual subscription limits) is interest rates (Cash ISAs) or investment returns (Stocks & Shares ISAs)[/QUOTE]


Ok, thanks.

I seem to remember there used to be a limit of 27,000 for overall investment. Has this been done away with?

Baldur

straggler wrote: »

I seem to remember there used to be a limit of 27,000 for overall investment. Has this been done away with?

I certainly have several times more than that figure in both Cash and Stocks & Shares ISA accounts and can't recall any such limitation since ISAs began (in 1999 from memory?).

dzug1

straggler wrote: »

No - the only limitation (other than annual subscription limits) is interest rates (Cash ISAs) or investment returns (Stocks & Shares ISAs)


Ok, thanks.

I seem to remember there used to be a limit of 27,000 for overall investment. Has this been done away with?

I'm not aware there ever was such a limit - unless it was the number of years ISAs had been going multiplied by the maximum annual subscription. In which case it will go up every year