You are allowed to hold different types of ISAs in the current year. For instance, you can have an active Cash ISA with another broker and a Stocks & Shares ISA with Trading 212 without violating any regulations, as long as your total deposits into both accounts remain within the overall limit of £20,000.
As of 6 April 2024, the new ISA Regulations allow you to put money into more than one ISA of the same type, such as a Stocks & Shares ISA.
However, if you find yourself to have deposited more than the annual subscription limit, we recommend contacting HMRC for further details.
Please note that Trading 212 Stocks & Shares ISA is non-flexible. Any funds withdrawn from this ISA will still count towards your annual allowance and cannot be replaced.
Your Trading 212 ISA will remain active for the current year only if you have made deposits, moved funds, or transferred funds into it.