The Lemon Fool

Hello, is it possible for me to split this year's ISA Allowance of 20K between two providers eg opening two ISAs eg. an ISA with 10K with Vanguard and another ISA of10K with another provider? Thank you

Hi angelnorth, and welcome.

Each tax year, you can pay NEW money into ONE cash ISA and ONE Stocks&Shares ISA (and ONE LISA). Total subscription of new money <=£20k.

So the answer is yes, but ONLY if they're different types.

You CAN'T pay NEW money into two Cash ISAs or two Stocks&Shares ISAs in the same tax year.

Gryff

gryffron wrote:You CAN'T pay NEW money into two Cash ISAs or two Stocks&Shares ISAs in the same tax year.

You don't however need a Vanguard ISA to invest in Vanguard funds.

Thanks, that's very helpful.