How many Isa's?

nicks

Is it possible to invest £10,000 into 3 different ISA's from 3 different companies in 1 time - ie Barclay's, A & L, Marks & Spencers as examples?

I am paying of my loan, possibly half our mortgage & still have £10,000 to invest.

Thanks

Nicks

Lavendyr

You can only put £7,200 into an ISA in any tax year (April-March) of which only £3600 may be in a cash ISA. So no, it's not possible to do what you ask unless you already have any of that £10k in ISAs from previous tax years.

nicks

OK, thanks. Just trying to find the best way invest the money...

Nicks

nicks

Thanks, but if £3600 is cash, what is the other £3600 made up of? Could my husband also take out an ISA too. He has already got one from a few years ago?

Thanks

Nicks

Baldur

nicks wrote: »

Thanks, but if £3600 is cash, what is the other £3600 made up of?

Each of you has an annual (tax year) ISA allowance of £7,200, which can all be paid into a Stocks & Shares ISA or £3,600 can be paid into a Cash ISA, with the balance being paid into a Stocks & Shares ISA, if you wish.

Could my husband also take out an ISA too. He has already got one from a few years ago?

Yes, I have Cash ISAs from when they started - have opened one every year.

nicks

That's great - thanks....

Nicks