Can You Have Multiple ISAs? Here's What You Need to Know
Previously capped, there is now no restriction on the quantity of Isas an individual may possess, nor limitations on opening or contributing to multiple accounts within the same fiscal year. You could decide to start a new one cash Isa If, for example, you come across another account offering a more attractive interest rate, you could decide to open a new one. stocks and shares Isa If you notice one that has lower fees compared to what you're currently paying on your existing account. At this point, Telegraph Money outlines the most recent Isa regulations. How many Individual Savings Accounts (Isas) can you open within one tax year? What happens with ISAs from earlier tax years? Is it prudent to hold several varieties of ISAs? Is it possible to inherit an ISA? How many Individual Savings Accounts (Isas) can you open within one tax year? You can open as many Isas as you wish within one tax year. Nonetheless, it’s important to consider you...