Two Isas In One Tax Year

[jack123]

Does anyone know that if I can have 2 mini stock ISAs, from 2 different providers, while the total investment is no more than 4000 pounds in one tax year?

Thanks

[AvidFan]

Does anyone know that if I can have 2 mini stock ISAs, from 2 different providers, while the total investment is no more than 4000 pounds in one tax year?

Thanks

I think you can only invest new money in one ISA in a tax year, but you could have two open and move money by proper "ISA transfer" from an existing provider to a second ISA in the same tax year, if that makes sense ?

[Butthead]

You can only contribute to one mini stocks and shares ISA in any tax year.

If you transfer current year contributions from one ISA to another you must transfer the whole pot, however if you transfer funds from a previous years contributions you can transfer part or all of the pot.

[BuyingBear]

You can only contribute to one mini stocks and shares ISA in any tax year.

And it's limited to £3k, you need a maxi-ISA in order to hold more than £3k in equities.

[delboypass]

And it's limited to £3k, you need a maxi-ISA in order to hold more than £3k in equities.

Not limited if you transfer though

Scenario

financial year 2005 - open cash mini ISA halifax - £3000 (invest £3000 max limit)

financial year 2006 - open cash mini ISA Egg - £3000 (invest £3000 max limit)

- Use Egg transfer process to transfer Halifax ISA (£3000) - Total £6000 in Egg account

DO NOT REMOVE CASH FROM AN ISA THAT YOU WANT TO INVEST IN ANOTHER ISA - USE THE CORRECT TRANSFER PROCESS AS STATED BY YOUR ISA PROVIDERS

[Butthead]

And it's limited to £3k, you need a maxi-ISA in order to hold more than £3k in equities.

Not any more, you can invest up to £4k in a mini stock and shares ISA.