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.
However, if you find yourself with two ISA accounts of the same type and you have made deposits to both during the current tax year, we recommend contacting HMRC at your earliest convenience to inform them of the situation.
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 Any funds withdrawn from this ISA will still count towards your annual allowance and cannot be replaced.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.
It is permissible to have more than one ISA of the same type, such as a Stocks & Shares ISA, only if one of the ISAs was opened in a Previous Tax year.