Multiple stocks and shares ISA accounts

xyz123

Hi, I just wanted to double check something.

I have a stocks and shares ISA. It was pened few years ago and have some money in it. I am looking to open a new stocks and shares ISA account with a different provider than the one I used for my stocks and shares ISA.

Is it mandatory for me to transfer my old ISA or i can continue to run and operate two in parallel. I realise I can only add money to one account in a year but am I able to do transactions in both during a year?

Thanks 

dunstonh

Is it mandatory for me to transfer my old ISA or i can continue to run and operate two in parallel.

You can have as many as you like. 

However, most modern platforms are whole of market and that is usually the cheapest method nowadays.  So, there may be merit in looking at consolidating to a modern whole of market platform.

masonic

Opening a new S&S ISA does not prevent you from buying and selling investments within an existing S&S ISA.