No- there’s no need to create a new ISA portfolio with InvestEngine each tax year.
Your existing ISA portfolios remain open and active, and you can continue contributing to them year after year.
ISA portfolios are continuous
Once you’ve set up your ISA portfolio, you can:
- Keep investing into the same portfolio every tax year
- Open additional portfolios if you want to separate goals or strategies
- Withdraw or replace funds under the Flexible ISA rules
Your InvestEngine ISA account automatically tracks contributions against your annual ISA allowance, so you don’t need to “start fresh” each year.
Why you might open a new ISA portfolio
You don’t have to- but you can open additional ISA portfolios if you want to:
- Try a different investing approach (DIY vs Managed)
- Separate investments for different goals
- Keep track of different ETF strategies
You can hold multiple ISA portfolios within a single InvestEngine ISA account, which you can read more about here.
Things to keep in mind
- Your ISA allowance resets every tax year- you can invest up to £20,000 each year (2025/26 limit)
- You can now have more than one Stocks & Shares ISA with different providers, but your total contributions must stay within the annual £20,000 limit
- We’ll track and display your remaining allowance on your InvestEngine dashboard
Read more about how you can find your remaining ISA allowance here for more info.