Can I have ISA's with two providers at the same time?
26 October 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.
Financial Planner & Regional Director
I’m 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. I support individuals, couples and families to set and achieve their goals, giving them confidence and peace of mind for the future.