ISA allowance & different providers

AlCapwn

Hello
In December 2019 I opened a Stocks and Shares ISA with iWeb. I used it briefly and have left it open as I bought some shares.
I'm thinking of opening an ISA account with Wahed and they will do investments on my behalf.
My question is can I leave iWeb open AND continue using it after I open with Wahed? 

eskbanker

You can have as many ISAs open as you like but can only pay new money into one of each type in any tax year, i.e. you can't pay into two S&S ISAs in the same tax year.

cattie

Yes, as from April this year, a new tax year started so you are free to invest up to £20k, which is the yearly allowance for year 20/21

Once the Wahed account is open & funded, you won't be able to put any of this years allowance into the iweb account though. With S&S isa it's basically one provider each tax year.

AlCapwn

Thank you both