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.
However, you can only have one stocks and shares ISA with one provider in the current tax year. So, if you have a stocks and shares ISA elsewhere, you will have to transfer it to InvestEngine. You can have a cash ISA with another provider at the same time as holding a stocks and shares ISA with us, you must be aware that you are responsible for declaring any contributions to that cash ISA when opening an ISA account with us.
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.
How do I transfer an ISA to InvestEngine?