You can invest up to £20,000 in an ISA each tax year, without paying any income tax or capital gains tax. The tax year runs from 6th April to the 5th April the following year, and the allowance renews each year.
InvestEngine allows you to split your ISA allowance between multiple portfolios. You can mix and match between DIY and Managed portfolios. Our smart tools will ensure that across all your portfolios you do not exceed your annual allowance.
You can only have one stocks and shares ISA per current tax year. Previous tax years ISAs do not affect your current years ISA allowance.
You can hold one cash ISA with another provider at the same time as your stocks and shares ISA, your annual allowance will be split between the two accounts. Again, previous tax years cash ISAs do not affect your current years ISA allowance.