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ISA Advice


LukeJohn

Question

Hi

An advice on ISAs if anyone can help.

I, wrongly, contributed to a different providers Stocks & Shares ISA at the start of the year. Although this was only £1000, and thus not maximising the annual ISA limit of £20000 per tax year, what are the repercussions of paying into a Stocks & Shares ISA of a different provider ( IG, in the case)?

I have since closed the other ISA, without transferring first. Can I simply continue paying into the new ISA, so long as I do not breach the combined limit (i.e. £19,000 remaining)

Hopefully this is clear

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