Number of ISAs

spock007

I had my Hargreaves ISA transferred to a new NISA this year and I pay £200 pcm into it.




Am I allowed to open another ISA and pay into that since the last one was just a transfer (and am I allowed to pay into both)?


If not I may have to look at just a normal share dealing account.


Thanks!

eskbanker

You can only pay into one ISA of each type in any given tax year, so if you're paying into a S&S ISA that was transferred from Hargreaves then you can't pay into another S&S ISA this year, but could pay into a cash one, or an IFISA, or a Lifetime ISA.

ColdIron

Why do you want to open a new ISA?

spock007

Ah damn, no worries...
I want to make some specific investments outwith what's being managed with the other one.

eskbanker

You could repeat the process and transfer your existing S&S ISA to another provider if there's one that supports all of the investments you have in mind....

spock007

Thanks for all your help