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:


Best wishes on your savings and investment journey!


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.