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    • Home • Advice • Common questions

    I have a cash and a S&S ISA with different providers. Can I open a LISA with a third provider?

    16 December 2021

    Question by Richard

    I have a cash and a S&S ISA with different providers. If I want to open a LISA can it be with a third provider?

    Answered by Graham Wells

    Hi Richard, thanks for the question!

    Indeed you can open a LISA (Lifetime Individual Savings Account) with a third provider. In fact, it's possible to contribute to four different types of ISA in any one tax year - all with different providers, if you wanted to:

    1. Cash ISA
    2. Stocks & Shares ISA
    3. Lifetime ISA
    4. Innovative Finance ISA

    The overall contribution limit remains £20,000 per tax year (6th April to 5th April), although £4,000 is the maximum for a Lifetime ISA. So for example, you could pay £5,000 into a cash ISA, £10,000 into a stocks & shares ISA, £4,000 into a Lifetime ISA and £1,000 into an innovative finance ISA.

    The government's website has a great summary of the ISA rules here, if you want to do a little more reading:

    https://www.gov.uk/individual-savings-accounts/how-isas-work

    Best wishes on your savings and investment journey!

    Graham

    Answered by

    Graham Wells

    Financial Coach & Chartered Financial Planner

    I love helping individuals and couples to develop financial knowledge, self-awareness and make bold, exciting plans for the future.

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    Important stuffHolly and the team have worked in the finance industry for many years but we are not regulated to give you personal financial advice. For every story on this website about a good investment, or something which went up by 10% or made someone £200, we could also share a story about a bad investment, something which fell in value or lost someone £200. We aim to provide general information and pointers – and btw we are totally agnostic about which providers you might pick – but if you have complex affairs, want personalised advice or need specific recommendations, please look at advice pages and see if regulated digital or traditional financial advice would be the best solution for your needs. Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
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    Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
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