2 concurrent Investment ISAs ?

crankup

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.

colsten

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.

crankup

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.