Applying for two stocks and shares ISAs in same tax year

eskbanker

JerrySt said:

I am fully invested in terms of the £20k maximum ISA investment 20/21 tax year, but I am wanting to know whether this tax year I could split the Vanguard S&S ISA total funds 50/50 with another S&S ISA provider (Trading 212). Is this possible? It sounds as though a split of this nature this year is not possible. If it's not possible this tax year, is it possible in the 21/22 tax year?

The rule is that you can pay new money into (no more than) one ISA of each type in any tax year, so all current year money for any ISA type must be kept together, during the current year.

This doesn't apply to prior year money, so in 2021/22 you could split your 2020/21 contributions across different ISAs of the same type if you chose to do so, but obviously still couldn't do so with 2021/22 money.