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Opening S&S ISA in different tax years

MaxterMind
MaxterMind Posts: 56 Forumite
10 Posts First Anniversary
edited 6 January 2021 at 10:51PM in Savings & investments
Last year ('20-'21 tax year) I opened a stocks and shares ISA. I am aware that a person can only open one of these per tax year.
When we arrive at the new tax year this April, and I want to open a stocks and shares ISA with a different provider as they provide access to a specific stock which my current provider does not provide access to, presumably I can just leave my current stock purchases in my current ISA with the company with which I currently have my ISA? 
Presumably there's no requirement to have S&S ISAs which were opened in different tax years all in the same "location"? Would this be correct?
Thanks.

Comments

  • Last year ('20-'21 tax year) I opened a stocks and shares ISA. I am aware that a person can only open one of these per tax year.
    Technically can open as many as you want but can only contribute (new money) to one S&S ISA in given tax year.
    When we arrive at the new tax year this April, and I want to open a stocks and shares ISA with a different provider as they provide access to a specific stock which my current provider does not provide access to, presumably I can just leave my current stock purchases in my current ISA with the company with which I currently have my ISA? 
    Yes - this means you can't contribute any money to provider A (20/21) in 21/22 tax year.
    Presumably there's no requirement to have S&S ISAs which were opened in different tax years all in the same "location"? 
    No such requirement.


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