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Can you manage more than 1 self select ISA
fingerbobs_2
Posts: 1 Newbie
Hi,
I have a self select ISA with Idealing.com.
I would like to open a new self select ISA account with another company for the 2015/16 tax year and deposit my full entitlement into it. I want to keep my Idealing ISA account open and not transfer my existing funds to the new ISA account.
I believe I can do this as long as I only pay into the new ISA account during that tax year and not my IDealing.com ISA account too.
What I can't find an answer to is if I can still manage my IDealing ISA account (buy/sell shares) as usual whilst doing the same in my new ISA account.
Is managing (buying/selling) multiple self select ISA's in the same tax year ok as long as you only deposit into 1 of them?
Any help appreciated.
Many thanks,
Carl
I have a self select ISA with Idealing.com.
I would like to open a new self select ISA account with another company for the 2015/16 tax year and deposit my full entitlement into it. I want to keep my Idealing ISA account open and not transfer my existing funds to the new ISA account.
I believe I can do this as long as I only pay into the new ISA account during that tax year and not my IDealing.com ISA account too.
What I can't find an answer to is if I can still manage my IDealing ISA account (buy/sell shares) as usual whilst doing the same in my new ISA account.
Is managing (buying/selling) multiple self select ISA's in the same tax year ok as long as you only deposit into 1 of them?
Any help appreciated.
Many thanks,
Carl
0
Comments
-
Yes, you can run multiple S&S ISAs in the way you suggest, as long as you only add new money to one of them per tax year.0
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