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    • Home • Advice • Common questions

    If I get a Cash ISA can I add more money into my existing equity ISA in the same financial year?

    16 January 2023

    Question by Alastair

    If I get a Cash ISA with say Nationwide can I add more money into my existing Halifax equity ISA in the same financial year, assuming of course I keep the total amount less than £20k?

    Answered by Chris Broome

    Good morning Alastair.

    An excellent question to ask.

    You can have as many ISAs as you like, as long as you meet the eligibility criteria for each type.

    However, you can only pay into one of each type of ISA in a single tax year, so one Cash, one Lifetime, and one Stocks and Shares.

    And, you can't pay in more than your annual ISA allowance overall as you have already identified.

    I hope this answer helps. If you need anything else just let me know.

    Kind regards

    Chris Broome.

    Answered by

    Chris Broome

    Chartered Financial Planner

    My name is Chris Broome and I own a wonderful fixed-fee and independent financial planning practice called Longhurst.

    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.
    Risk warningAs is always the case with investing, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Tax treatment depends on your individual circumstances and may change in the future.
    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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