UTs to ISAs

slinga

I've got some UTs which I want to Bed and ISA.
One is Fid SS and another is Fid SEA.

Can I Bed and ISA £5k from each of these into their corresponding ISA.

Or can I only buy one ISA, say Fid SS, during this tax year?

Thanks.

Shaolin_Monkey

You can only subscribe to one S&S ISA per tax year. You do not need a separate ISA for each fund you hold though - i.e. you can Bed & ISA both your funds in the same tax year, up to the maximum contribution limit of £11520.

jimjames

An ISA is purely a tax wrapper for an underlying product. It can contain shares or funds or bonds so there is no problem at all having both the funds in this years ISA.

You could go directly to Fidelity or use a broker like Cavendish or HL which would give more flexibility should you wish to switch funds in the future.

slinga

Shaolin_Monkey wrote: »

You can only subscribe to one S&S ISA per tax year. You do not need a separate ISA for each fund you hold though - i.e. you can Bed & ISA both your funds in the same tax year, up to the maximum contribution limit of £11520.

Thanks.
But believe it or not that answer still confuses me.

I can only subscibe to one ISA but can B & ISA both funds which to me means I will be subscribing to two ISAs this tax year.

Where am I mis understanding.

Just thinking about it do you and jj mean that as long as I don't go above the £11520 limit I can have as many different funds as I want in this year's ISA?????:?:?

bigadaj

slinga wrote: »

Thanks.
But believe it or not that answer still confuses me.

I can only subscibe to one ISA but can B & ISA both funds which to me means I will be subscribing to two ISAs this tax year.

Where am I mis understanding.

Just thinking about it do you and jj mean that as long as I don't go above the £11520 limit I can have as many different funds as I want in this year's ISA?????:?:?

You can have as many funds as you want, given the fund managers investment limit, but they need to go into a single isa with one provider.

So you set up an isa with cavendish, hl or another firm and then arrange for the funds to be transferred into a single isa, which would contain two funds.