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Can I open an ISA?

Updated this week

Under the new ISA rules from 6 April 2024, you’re now allowed to contribute to more than one ISA of the same type in a single tax year (for example, two stocks & shares ISAs), as long as your total contributions across all ISAs stay within the annual limit (currently £20,000).

This means:

  • You can fund a Freetrade stocks & shares ISA even if you've already contributed to another provider’s stocks & shares ISA this tax year.

  • You can also contribute to different types of ISAs (e.g. cash ISA, Lifetime ISA, etc.) in the same year - again, provided the total doesn’t exceed the £20,000 limit.

For more details, visit the official UK Government ISA guidance.

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