ISA & GIA

All topics ISA & GIA Can I open more than one ISA of the same type with Moneybox?

Can I open more than one ISA of the same type with Moneybox?

You can pay into more than one ISA of the same type in a single tax year. At Moneybox, we offer a Cash ISA, Open Access Cash ISA, Stocks & Shares ISA, and a LISA (Cash or Stocks & Shares). You can open one of each type of ISA with us (e.g. a Cash ISA or Open Access Cash ISA, a Stocks & Shares ISA, and a Cash or Stocks & Shares Lifetime ISA).

You can only have one Cash ISA with us (e.g. a Cash ISA or an Open Access Cash ISA).

Your £20,000 annual ISA allowance resets each tax year, so you can continue depositing into the same ISA(s) that you currently hold, rather than opening a new one.

 

 

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It's important you know

Capital at risk. All investing should be for the longer term. The value of your investments can go up and down, and you may get back less than you invest. Tax treatment depends on individual circumstances and may be subject to change in the future.

A 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid into your Lifetime ISA.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Payments you make into your pension won’t be accessible until the minimum pension age (currently 55, increasing to age 57 from 2028). Tax treatment depends on individual circumstances and may be subject to change in the future.

For Business Saver: T&Cs apply. Max one withdrawal per day.

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