If I open a Stocks & Shares ISA with ShareCrazy, can I open another ISA with another Manager?
HMRC rules only allow individuals to have one Stocks & Shares ISA in any one-tax year. Therefore, if you subscribe to a Stocks & Shares ISA, you cannot have another Stocks & Shares ISA in the same tax year. During the application process, you will be asked to declare that you will only have one Stocks & Shares ISA per tax year. The responsibility lies with you. You may have a Cash ISA (with different ISA providers) per tax year, but your total subscription to all types of ISA must not exceed the overall limit of £7,200 per tax year. ShareCrazy however only offers a Self Select Stocks & Shares ISA and not a Cash ISA..
Related Questions
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