InvestEngine allows you to fund multiple portfolios with your ISA allowance for the current tax year. All your portfolios fall under the same overall ISA account and share your £20,000 annual tax-free ISA allowance.
InvestEngine's smart features will calculate the total remaining ISA allowance and monitor any potential overfunding automatically.
You can combine multiple DIY and Managed ISA portfolios. There is no maximum number of ISA portfolios you can have on our platform.
In addition to that, starting 6th April 2024, HMRC have updated the ISA rules allowing you to have multiple ISAs of the same type with multiple providers during one tax year.
It is important to note that you will need to be responsible for tracking contributions with all your providers in order not to breach the annual ISA allowance: the feature that tracks your remaining allowance at InvestEngine only considers the contribution you make to your InvestEngine account.