2 Questions Regarding ISA Tax Year S&S Isa

You can only pay new money into (no more than) one ISA of each type in any given tax year, so if you've paid into one S&S ISA since 6 April then you can't pay into another one during the rest of this tax year.

You can keep paying into your existing one, or you could potentially transfer your 2018-19 contributions from the current one to a new one (and pay more into the new one thereafter) but only if both ISA managers allow a partial transfer like that.

The answer to your last question is no, you haven't done anything to create any issues with your existing S&S ISA, or, to be more accurate, nothing you've posted about causes any issues with it! You could keep paying into it year after year if you wanted, there's no reason to open others unless you choose to....

wapow wrote: »

Ok so hold with me here,.,...

this isa i have open,. it has one stock on it and ive only paid like 6k into it,.

can i buy another stock im watching and add 6k to that and it will still be a part of this isa?

thus tax free gains?

Thanks

Yes, you can pay in up to £20K per tax year and once that money is in the ISA (which is just the wrapper) buy what you want with it.

Having said that, investing in individual stocks is generally considered a risky game for investors with small portfolios, who are typically better served by collective funds to minimise the risk of their investment being wiped out by individual company failures, so you might wish to reconsider how many baskets are best for your eggs and think about funds instead....