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Paying into two stocks and shares ISAs in the tax year 24/25

Answer
Maxwell123
Posted Mon, 09 Sep 2024 13:58:36 GMT by Maxwell123
I have a stocks and shares ISA I have been paying into for a few tax years but decided I would like to open one with another provider to split these up. I opened a new stocks and shares ISA this tax year (July) and had only been paying into the new one I set up. I have now decided to top up the original stocks and shares ISA so I have now paid into both this tax year but have not exceeded £20,000. I believe given the new ISA rules stated here https://www.gov.uk/government/publications/tax-free-savings-newsletter-11/tax-free-savings-newsletter-11 from 06/04/24, that this is acceptable, I just wanted confirmation on this, thank you.
Answer
HMRC Admin 32 Response
Posted Mon, 16 Sep 2024 12:53:43 GMT by HMRC Admin 32 Response
Hi,
Yes under the new rules from 06 April 2024, you can do this.
Thank you.

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