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Opening 2 isa`s

I have a fixed rate ISA maturing shortly, and would like to split into 2 Cash ISA`S. Which would mean opening 2 ISA`s in one year. Is this permitted?

Comments

  • masonic
    masonic Posts: 29,646 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 11 August 2020 at 9:50PM
    There are no limits to the number of ISAs you can open, but you can only pay new money into one cash ISA per tax year.
    If the providers involved permit partial transfers, or your existing ISA provider is willing to split the ISA, then you can do as you wish. That's assuming the fix was started in a previous tax year.
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