Split ISA Accounts/Allowance

TA1990

Hiya

I bank with Nationwide, who allow me to split my ISA allowance between a Cash ISA and a Help to Buy ISA. I'm looking at opening a Lifetime ISA with Moneybox, but I didn't think you could contribute to more than one ISA provider in a tax year. Has anyone else done this? Will it cause me any problems opening a Lifetime ISA with Moneybox?

Thanks!

eskbanker

You are allowed to fund a Lifetime ISA with Moneybox while concurrently paying into cash ISAs with Nationwide, as they're different types.

https://www.gov.uk/individual-savings-accounts:

There are 4 types of ISA:

• cash ISAs
• stocks and shares ISAs
• innovative finance ISAs
• Lifetime ISAs

You can put money into one of each kind of ISA each tax year.

TA1990

Perfect! Thank you