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Opening another ISA next year

newnhak
newnhak Posts: 485 Forumite
Part of the Furniture Combo Breaker
in ISAs & tax-free savings
Hi


Can someone clarify my understanding?
I have an ISA on a platform that deals in shares only. Next year can I open a new S&S ISA with another platform that allows fund purchases and leave the ISA with this years allowance where it is?


Thanks

Comments

  • badger09
    badger09 Posts: 11,864 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    newnhak wrote: »
    Hi


    Can someone clarify my understanding?
    I have an ISA on a platform that deals in shares only. Next year can I open a new S&S ISA with another platform that allows fund purchases and leave the ISA with this years allowance where it is?


    Thanks

    Yes you can do that. However, you will only be able to pay new money into one of those S&S ISAs.

    Have you paid any new money into your (shares only) S&S ISA since 6th April 2017?
  • newnhak
    newnhak Posts: 485 Forumite
    Part of the Furniture Combo Breaker
    Thanks for the reply.
    I havent used any allowance yet. I am going to bed &Isa some existing shares with x-o. Then next year liquidise rest of shares and buy tracker funds
  • badger09
    badger09 Posts: 11,864 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    newnhak wrote: »
    Thanks for the reply.
    I havent used any allowance yet. I am going to bed &Isa some existing shares with x-o. Then next year liquidise rest of shares and buy tracker funds

    OK, that makes sense (but I think you mean liquidate:p).
  • newnhak
    newnhak Posts: 485 Forumite
    Part of the Furniture Combo Breaker
    Haha I do!
  • badger09
    badger09 Posts: 11,864 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    newnhak wrote: »
    Haha I do!

    Unless your shares are in Nutribullit:p

    Other juicers/liquidisers/blenders are available:)
  • TrustyOven
    TrustyOven Posts: 746 Forumite
    Seventh Anniversary 500 Posts Combo Breaker
    http://wikidiff.com/liquidate/liquidize

    Not really much of a difference between the two words (when used in a finance context).
    Goals
    Save £12k in 2017 #016 (£4212.06 / £10k) (42.12%)
    Save £12k in 2016 #041 (£4558.28 / £6k) (75.97%)
    Save £12k in 2014 #192 (£4115.62 / £5k) (82.3%)
This discussion has been closed.
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