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2 S&S ISAs

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Jimbus
Jimbus Posts: 2 Newbie
in ISAs & tax-free savings
If I opened an S&S ISA last financial year and then open a new S&S ISA this financial year can I still put money into both of accounts this year so long as the combined amount I put in doesn't exceed this years limit?

Thanks guys.

Comments

  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    No you cannot. You can only deposit into one.
  • Jimbus
    Jimbus Posts: 2 Newbie
    Ok. Thanks Lokolo.
  • innovate
    innovate Posts: 16,217 Forumite
    10,000 Posts Combo Breaker
    You might be able to deposit into one, and then transfer some of the cash into the other. Whether this is sensible depends on whether your provider would do a partial transfer, and what charges would incur.

    Might be more sensible/cheaper to transfer one into the other altogether and just operate one.
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