Can I invest in Nutmeg and Vanguard in the same financial year?
19 May 2023
Question by Shelby
Can I invest in Nutmeg and Vanguard in the same financial year? I've heard I can only invest in one Stocks and Shares ISA each financial year but I saw someone doing a comparison between 3 so it confused me
Answered by Holly Mackay
You can only pay into one Stocks & Shares ISA every tax year, yes. Comparisons are usually to help people taking out a new one, or planning to switch. If you have already paid into one since 6th April, then you have to stay with this one until next April. If you haven’t paid anything into any Stocks & Shares ISA this tax year, then you can choose one and use this one. If you have already paid into either Nutmeg or Vanguard then this will be your provider for the rest of the tax year. Thanks!