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22nd
Jul 2020
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How Many Investment ISAs Can I Have?

How Many Investment ISAs Can I Have?

Investing in an ISA can be a great way to make sure that your returns from investments are safe from the hands of the tax man, thereby maximising the benefits you receive from your funds. But just how many investment ISAs can you benefit from at any one time?

An investment ISA is an attractive option for any investor, whether they are old-hat or brand new to the game. Stocks and Shares ISAs allow you to put your money to work in a tax-efficient way, making the most of your returns on any investments you might make. 

And with a yearly ISA allowance of £20,000 for tax year 2020/2021, many will be very keen to put their coins into a Stocks and Shares ISA. 

But are there limits on how many Investment ISAs you can have? 

The answer:  yes, and no

Yes!

There is a limit on how many ISAs you can open per year. 

Government legislation limits each individual to opening only one new Investment ISA per tax year. 

Let's say you have a lump sum of £20,000 (the yearly ISA allowance for 2020/2021) and you want to put this into an ISA. 

You could choose to put this total amount into a Stocks and Shares ISA, or split it across the four different types of ISA available - but, you cannot open more than one ISA of each type per tax year. 

The types of ISA you can choose from are:

But also...no

There is no limit on the number of past Investment ISAs you can hold. You can continue to open one investment ISA, year on year, and amass a portfolio of quite a few Stocks and Shares ISAs over time. 

This can be a good approach to gain long-term returns, as well as the opportunity to diversify your portfolio. Some examples of different kinds of Investment ISAs are: 

Read more about different rates on Investment ISAs here.

Selected ISAs

FTSE 100 UCITS ETF Tracker

from Vanguard

  • Fund Choice: Tracks FTSE 100 Index
  • Invest From: £25 pm
  • Investment Options: The Fund seeks to track the performance of the FTSE 100 Index.

Available via Hargreaves Lansdown this is a low cost FTSE 100 tracker with a 0.09% pa annual charge.The Fund employs a passive management – or indexing – investment approach, through physical acquisition of securities, and seeks to track the performance of the FTSE 100 Index (the “Index”).

Please note the value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.

FTSE 250 Index Tracker

from HSBC

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: Tracks FTSE 250 Index
  • Invest From: £25 pm
  • Investment Options: The Fund's investment objective is to provide long term capital growth by matching the capital performance of the FTSE 250 Index by investing in companies that make up the index.

Available via Hargreaves Lansdown this is a low cost FTSE 250 tracker with a 0.18% pa annual charge.The FTSE 250 is full of medium-sized companies with exciting growth potential. We think this is an excellent tracker fund, offering a low cost way to invest in this area of the market. HSBC has lots of experience running tracker investment funds.This fund is available via the Hargreaves Lansdown investment platform.

Please note the value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.

FTSE 350 Tracker Fund

from iShares

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: Tracks FTSE 350 Index
  • Invest From: £50 pm
  • Investment Options: The aim of the Fund is to seek to achieve capital growth for investors by tracking closely the performance of the FTSE 350 Index by investing in companies in the Index.

This is a low cost FTSE 350 tracker fund with a 0.16% pa annual charge.The Fund aims to provide a return on your investment (generated through an increase in the value of the assets held by the Fund) by tracking closely the performance of the FTSE 350 Index, the Fund’s benchmark index. The Fund invests in equity securities (e.g. shares) of companies that make up the benchmark index. The benchmark index measures the performance of the 350 largest UK companies.

Available via Hargreaves Lansdown

Important: Please note the value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.

FTSE All-World UCITS ETF Tracker

from Vanguard

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: Tracks FTSE All World Index
  • Invest From: £50 pm
  • Investment Options: Replicates returns from the FTSE All World, an index that encompasses both developed and emerging markets from around the world. Ranks among the cheapest products of its type. This is an ‘Accumulation’ product, meaning any income generated is reinvested.

Available via Fidelity Fund Supermarket this is a low cost tracker which provides global exposure with a annual management charge under 0.25% pa.This Fund seeks to provide long-term growth of capital by tracking the performance of the FTSE All-World Index, a market-capitalisation weighted index of common stocks of large and mid cap companies in developed and emerging countries. The Fund employs a “passive management” – or indexing – investment approach, through physical acquisition of securities, designed to track the performance of the Index, a free float adjusted market capitalisation weighted index. The Fund will invest in a portfolio of equity securities that so far as possible and practicable consists of a representative sample of the component securities of the Index.

Please note the value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.

S&P 500 UCITS ETF Tracker

from Vanguard

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: Tracks S&P 500 Index
  • Invest From: £100
  • Investment Options: The Fund seeks to track the performance of the Standard and Poor's 500 Index.

Super low cost way of tracking the largest US companies at 0.07% pa. The Fund employs a passive management – or indexing – investment approach, through physical acquisition of securities, and seeks to track the performance of the Standard and Poor's 500 Index (the “Index”).

This fund is available through the Hargreaves Lansdown Platform

Please note the value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.

Important Risk Information:

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website aims to provide information to help you make your own informed decisions. It does not provide personal advice based on your circumstances. If you are unsure of how suitable an investment is for you, please seek personal advice.

High Income ISAs

High income ISA ideas:

ISAs Products

Cash ISAs

Fixed Rate & Instant Access ISAs:

Cash ISAs: 

Stocks & Shares ISAs

Types of Stocks and Shares ISA include: 

Stocks and Shares ISAs

Latest News

Investment ISA Pros and Cons

7th August 2020

The tax-free returns offered by an Investment ISA (otherwise known as a Stocks and Shares ISA) can be very tempting at first glance - however, as with any investment, it is important to weigh up the pros and cons. So we've put together a list of what you need to consider before opening your own Stocks and Shares ISA account. 

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