Can I invest to two investment providers for Isa?

Yanling

Hi there, Can I invest Isa to two providers ? such as £10k to Cavendish and 10k to Vangard. Many thanks!

DCFC79

Yanling wrote: »

Hi there, Can I invest Isa to two providers ? such as £10k to Cavendish and 10k to Vangard. Many thanks!

https://www.moneysupermarket.com/isas/cash-isa-questions/

Answers your question.

eskbanker

DCFC79 wrote: »

https://www.moneysupermarket.com/isas/cash-isa-questions/

Answers your question.

I can't see where it directly answers OP's question about S&S ISAs, although it's effectively the same answer, i.e. you can't fund multiple ISAs of the same type in any given tax year.

Zorillo

You could have one ISA and invest in two funds inside it. Or you could open one before 5th April and another afterwards. But you can't have two separate S&S ISAs in the same Tax Year

eskbanker

Zorillo wrote: »

you can't have two separate S&S ISAs in the same Tax Year

At the risk of splitting hairs, you can have two separate S&S ISAs in the same tax year but you can't pay new money into two separate S&S ISAs in the same tax year....

Yanling

DCFC79 wrote: »

https://www.moneysupermarket.com/isas/cash-isa-questions/

Answers your question.

Hi, thanks for the help, but I read the link still can not get the answer. Could you please answer me yes or no?

Yanling

from 6th April 2018, I am going to invest monthly to Vangard life strategy funds mainly for Isa, i am thinking of invest a little to evestor provider to spread a bit of risk. what is your thoughts? Thanks

eskbanker

Yanling wrote: »

Hi, thanks for the help, but I read the link still can not get the answer. Could you please answer me yes or no?

Yanling wrote: »

from 6th April 2018, I am going to invest monthly to Vangard life strategy funds mainly for Isa, i am thinking of invest a little to evestor provider to spread a bit of risk. what is your thoughts? Thanks

I appreciate that English isn't your first language but you've had it pointed out to you on multiple threads now that you can only pay into one S&S ISA (provider/platform) in any tax year but that the money within this ISA can be invested in multiple funds, etc.

So, in the 2018/19 (or any other) tax year you can pay into a S&S ISA with one (and only one) of Cavendish or Evestor or Vanguard's own platform or numerous other platforms.

Within any of those platforms you then have a range of choices about what you can actually invest your money in, although some are more limited than others, so, for example, in the Vanguard platform you can only buy Vanguard's funds.

Perhaps it would be worth reading the introductory piece at https://www.moneysavingexpert.com/savings/stocks-shares-isas#where to see an explanation written in typical MSE-speak?

Yanling

Hi, Thanks all so much for the help! I am not good at investing either, so I am going to look into 'do it with me ' or ' do it for me' provider. I know my risk level is medium or 4 out of 7.
Does anyone has a bit of idea or experience? Cheers!