Rules around Multiple ISAs

SieIso

Hi All,

I have a Vanguard S&S ISA setup in 2022 and I pay into this monthly.

Is is possible to have a separate ISA for my savings?

Thanks in advance.

eskbanker

Yes, you can pay into one ISA of each type in any tax year, so can fund a cash one alongside a S&S one, provided the total doesn't exceed £20K annually.  From April, you can fund as many as you like within that annual contribution limit.

Albermarle

SieIso said:

Hi All,

I have a Vanguard S&S ISA setup in 2022 and I pay into this monthly.

Is is possible to have a separate ISA for my savings?

Thanks in advance.

There is a  separate forum for ISA's where every question you can think of about ISA's, has been asked and answered numerous tomes, so worth a read.

ISAs & tax-free savings — MoneySavingExpert Forum