Site Logo
Site Logo

Can I open a second Stocks & Shares ISA with a new provider?

16 November 2021

Got a question?We'll put your question to our panel of helpful advisers

Question by Trevor

I have a Stocks & Shares ISA with Hargreaves Lansdown but have some shares I want to bed & ISA and they aren’t doing this at the moment. Can I open a new ISA with another provider? I do save a regular amount with HL each month. Thanks.

Answered by Andrew Neligan

Hello Trevor,

You can only open on Share ISA each tax year so on the basis you are regularly contributing to HL in this tax year you will be unable to open another one with another provider.

Answered by

Andrew Neligan

Chartered & Certified Financial Planner

Typically, I work with individuals and couples who have got to the point in their lives that they have important questions about money they want answering. They may be thinking about retirement in the next 5 to 10 years but they are worried they won’t have enough so they want to make sensible decisions now. Or, they really want to retire sooner, but either they don’t know if they can afford to, or they are afraid they will make decisions that they may later regret.