Answers · UK 2025/26
Can I have multiple ISA accounts at the same bank?
Yes, but you can only subscribe to one ISA of each type per tax year. You can hold multiple ISAs from previous years with the same provider.
Full answer
From April 2024, HMRC rules allow you to subscribe to multiple ISAs of the same type within the same tax year, as long as you do not exceed the overall annual ISA allowance of £20,000 in 2026/27. This means you could, for example, open two Cash ISAs with different providers in the same tax year. However, many banks still only permit one active subscription per type per year in their own terms and conditions -- check with your provider. You can hold as many ISAs from previous years as you like with the same bank (these are legacy ISAs). Transfers between ISAs are permitted without losing the tax-free status, provided you follow the formal ISA transfer process rather than withdrawing and re-depositing.
This answer is informational only and does not constitute financial, tax or legal advice. Figures are for the 2025/26 UK tax year. See our methodology and sources.