Answers · UK 2025/26
Can I have two ISAs?
Yes. From 6 April 2024 you can subscribe to multiple ISAs of the same type in the same tax year, provided you stay within the overall £20,000 annual allowance. The Lifetime ISA (£4,000 sub-limit) and Junior ISA (£9,000) have their own separate rules.
Full answer
Until April 2024 the rule was "one of each type per tax year" — one Cash ISA, one Stocks & Shares ISA, one Innovative Finance ISA, plus a LISA. Since 6 April 2024 you may pay into multiple ISAs of the same type within the same tax year — for example two different Cash ISAs with different banks — as long as combined contributions across all your adult ISAs stay within the £20,000 annual subscription limit. The LISA still has its own £4,000 sub-limit (which counts towards the overall £20,000). The new flexibility makes it easier to chase Cash ISA rates without losing your allowance. Be careful with partial transfers of current-year subscriptions — they must follow ISA transfer rules to keep their tax-free status. You can also hold unlimited ISAs from previous tax years across multiple providers.
Try the calculator
Related guides
More answers
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.