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Investment ISA's - Quick Question
3dogsandacrazyhouse
Posts: 13 Forumite
Hi,
Hoping someone can answer me a quick question.
I have 1 Investment ISA with Wealthsimple (opened Jan 2021), I pay a monthly direct debit of £100 into it. Can I open another investment ISA with Wealthfiy in the next month or so and also pay into this one by Direct Debit? So each month I will be paying £100 each into 2 different Investment ISA's?
I also have one cash ISA which I don't touch.
Thank you
Maybenexttime.
Hoping someone can answer me a quick question.
I have 1 Investment ISA with Wealthsimple (opened Jan 2021), I pay a monthly direct debit of £100 into it. Can I open another investment ISA with Wealthfiy in the next month or so and also pay into this one by Direct Debit? So each month I will be paying £100 each into 2 different Investment ISA's?
I also have one cash ISA which I don't touch.
Thank you
Maybenexttime.
0
Comments
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No you cannot pay into two different Stocks & Shares ISA in the same tax year.
If you open a S&S ISA with a new provider for next tax year (6th April 2021 to 5th April 2022), you will need to stop any contributions to your existing Wealthsimple ISA (and/or any other previous S&S ISAs you may have)."If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)0
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