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How many ISAs can I have?

Each tax year you can pay into one or more of the four types of ISA:

  • Cash ISA
  • Stocks and Shares ISA
  • Innovative Finance ISA
  • Lifetime ISA

(Please note that Fidelity doesn't currently offer an Innovative Finance ISA or a Lifetime ISA).

For the current tax year the total ISA Allowance you can invest is £20,000 shared across all four types but the Lifetime ISA is capped at £4,000.

When a new tax year starts, you have the option of opening a new ISA with a different provider. This means that over the years you can build up a number of ISAs - a stocks and shares, cash, lifetime and innovative for the current tax year, plus all the ones from previous tax years that you can no longer pay into.

Transferring previous years’ ISAs from other providers into a Fidelity Stocks and Shares ISA can make it easier to manage and keep track of your investments, because they will all be held in the same account. Find out how to transfer ISAs to Fidelity.

If you’ve paid into more than one of the same type of ISA in a single tax year, you should contact HMRC and they will tell you what to do.

Find out more about a Stocks and Shares ISA or the ISA allowance.