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Invested in two S&S ISA this year! What now???

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Contiuk
Contiuk Posts: 6 Forumite
Fourth Anniversary First Post
edited 29 April 2020 at 1:28AM in Savings & investments
Hi everybody, 
I opened a Stocks&Shares ISA account with Vanguard last year. 
This year I opened another one with Trading212. 
I did not realise you could only invest in JUST ONE S&S ISA per tax year! And I invested last week in both.
I do not know what I need to do now? 

Does anybody know? I'll appreciate any help. 
THANKS

Comments

  • eskbanker
    eskbanker Posts: 37,189 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    As per recent response on another thread:
    eskbanker said:
    https://www.gov.uk/guidance/close-void-or-repair-an-isa-if-youre-an-isa-manager#repair-void explains a variety of scenarios but neither of the banks will be able to tell you what to do, other than to contact HMRC:

    When you find out (usually from the investor) that the investor has subscribed to a disallowed combination of ISAs, or has exceeded the overall ISA subscription limit, you should advise the investor that HMRC will contact them in due course. You should not give any advice to customers, as you may not have all of the relevant facts or be certain of the action that HMRC will take.

    If the investor wishes to contact HMRC to discuss the error, they can phone the ISA Helpline.

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