Can I have ISA's with two providers at the same time?

26 Oct, 2021

Question by Lina

I have been contributing monthly (£370pm) into a S&S ISA with AJ Bell = £4440.00 pa Can I use the remaining £15560.00 to open S&S ISA with another provider or do I have to stay invested with AJ Bell?

Answered by Fraser Kerr

Good afternoon Lina,

Hopefully this response finds you keeping well and looking forward to the weekend.

With regards to the above, you can have multiple ISAs with different providers as long as you are under your personal allowance of £20,000 for the year. This also extends to opening up a different type of ISA e.g. a cash ISA.

Let me know if you have any other questions or would like to discuss different providers. More than happy to help.

Have a good one.

Best Regards,

Fraser

Answered by

Fraser Kerr

Financial Planner & Regional Director

I’m Fraser, a Regional Director with abrdn Financial Planning. We offer free planning support and specialist financial advice across the UK, to help you make the most of your money for your life.

My strong belief is that financial planning is first and foremost, about people (despite the technical and analytical side to it!). It’s about really understanding the unique position of the individuals, couples and families that we work with, and tailoring my approach and recommendations to their needs.

The importance of having confidence in your finances cannot be understated. It is connected to and can impact on so many parts of your life. It’s incredibly rewarding to see the peace of mind and financial confidence that sound financial planning can give to people - it certainly just isn’t about the numbers, it’s about life.

Away from work, I enjoy traveling and spending time with friends and family. Keeping active and a little bit of healthy competition goes a long way to keeping me entertained!

View Adviser Profile