2 concurrent Investment ISAs ?

edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
2 replies 647 views
crankupcrankup Forumite
340 Posts
Part of the Furniture Combo Breaker
✭✭
edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
I have an All Share tracker ISA which I pay in a small amount each month totalling a grand a year.
Could I use the rest of my ISA limit for another investment product like a self-select shares ISA?
I wasn't sure if you could only have another cash ISA product within the annual limit.
*************************
* "Take my advice, Dont listen to me." *
*************************
~~ Yes I've tried Google ~~
~~ Yes I've tried ebaY ~~
********************************

Replies

  • colstencolsten Forumite
    17.3K Posts
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    ✭✭✭✭✭
    You can pay into 1 S&S and 1 cash ISA each year, up to a combined maximum of £15,240 this financial year.

    Most fund supermarkets offer literally thousands of investments from which you can select what you like to put into your ISA. If your current ISA provider only offers one fund, you are likely to pay very high charges for your tracker. There is not usually a compelling need to have more than 1 S&S ISA.
  • crankupcrankup Forumite
    340 Posts
    Part of the Furniture Combo Breaker
    ✭✭
    Thanks for that. I have a L&G UK All Share Index tracker, had it since ISAs started. I fancied buying some shares of my own choice, I couldn't see a way of buying them on their website within the ISA. I guess a I'll have to use a nominee acct.
    *************************
    * "Take my advice, Dont listen to me." *
    *************************
    ~~ Yes I've tried Google ~~
    ~~ Yes I've tried ebaY ~~
    ********************************
This discussion has been closed.
Latest MSE News and Guides

Card providers to reserve up to £100

When you pay at supermarket fuel pumps

MSE News

Cheap contents insurance for tenants

DON'T assume your landlord covers you

MSE Guides

Summer sizzlers round-up

Incl £2ish sun cream & £1.50 disposable BBQs

MSE Deals