Split isa

[Avalaugh]

Hiya
Does anyone know if I can split the 20k allowance across two providers in the same year?

Thx

[Breelander]

Only if the two ISAs are different types, in any one tax year you can split the allowance between a Cash ISA and a Stocks and Shares ISA - but not two Cash ISAs or two S&S ISAs. If you want two S&S ISAs, you are free to open another one the following tax year, but you can only contribute to one of them in any given tax year.

There are 4 types of Individual Savings Accounts (ISA):
•cash ISA
•stocks and shares ISA
•innovative finance ISA
•Lifetime ISA
...
...Every tax year you can put money into one of each kind of ISA. The tax year runs from 6 April to 5 April.

You can save up to £20,000 in one type of account or split the allowance across some or all of the other types.

https://www.gov.uk/individual-savings-a ... -isas-work

[Raptor]

Moderator Message:
nothing to do with hyp practical. Moving. Raptor

[Avalaugh]

Thank you