You are allowed to have different types of ISAs in the current year. For example, you may have an active Cash ISA and a Stocks & Shares one in the current year, and you won’t be violating any regulations, as long as your deposits into both accounts are within the overall limit of 20 000 GBP.
However, if you find yourself with two ISA accounts of the same type and you have deposited funds in both of during the current year, we will suggest you contact the HMRC at your earliest convenience and inform them about the matter.
With us, you are able to open a Stocks & Shares ISA account, which is non-flexible. This means that any funds you withdraw from it will still count towards your annual allowance and cannot be replaced.
*Your Trading 212 ISA will be active for the current year only if you have deposited, moved or transferred funds in it.