# Multiple brokers

**URL:** <https://community.trading212.com/t/multiple-brokers/49429>\
**Category:** 📊 Investing\
**Created:** [July 17, 2021, 11:35am UTC](https://community.trading212.com/t/multiple-brokers/49429 "2021-07-17T11:35:18Z")\
**Posts on this page:** 8\
**Page:** 1

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**Author:** ![Dman](https://avatars.discourse-cdn.com/v4/letter/d/f0a364/32.png) [@Dman](https://community.trading212.com/u/Dman)\
**Post date:** [July 17, 2021, 11:35am UTC](https://community.trading212.com/t/multiple-brokers/49429/1 "2021-07-17T11:35:18Z")

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Hi guys am I right iin thinking you can have multiple brokers for example trading 212 and freetrade as long as the second one is started in a different tax year for example 2013 and 2014?

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**Author:** ![Dougal1984](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/dougal1984/32/14304_2.png) [@Dougal1984](https://community.trading212.com/u/Dougal1984)\
**Post date:** [July 17, 2021, 11:43am UTC](https://community.trading212.com/t/multiple-brokers/49429/2 "2021-07-17T11:43:44Z")

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I think you might be confusing ISA rules. You can only invest new money into one of each type of ISA each tax year.

You can have multiple General Investment Accounts with different brokers, and not pay tax until you realise more than 12.3k in capital gains each year.

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**Author:** ![Dman](https://avatars.discourse-cdn.com/v4/letter/d/f0a364/32.png) [@Dman](https://community.trading212.com/u/Dman)\
**Post date:** [July 17, 2021, 11:55am UTC](https://community.trading212.com/t/multiple-brokers/49429/3 "2021-07-17T11:55:52Z")

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Hi so you can only have one isa overall?

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**Author:** ![Dougal1984](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/dougal1984/32/14304_2.png) [@Dougal1984](https://community.trading212.com/u/Dougal1984)\
**Post date:** [July 17, 2021, 12:01pm UTC](https://community.trading212.com/t/multiple-brokers/49429/4 "2021-07-17T12:01:08Z")

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You can have multiple ISAs.

You’re probably best reading this thread:

> [@FAQ for Tax in the United Kingdom](https://community.trading212.com/t/faq-for-tax-in-the-united-kingdom/48024):
>
> FAQ for Tax in the United Kingdom The UK tax year has just ended, 5 April 2023. So this is a good time to talk about taxes on investments as they affect those of us using Trading 212. Some information about ISAs is also here. Taxes on dividends and capital gains in the year 6 April 2022 - 5 April 2023 need to be computed and paid by 31 January 2024. There is already a lot of information about UK tax in our community forum. However, this short FAQ may help to bring a lot of information into one…

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**Author:** ![ukcz](https://avatars.discourse-cdn.com/v4/letter/u/9fc348/32.png) [@ukcz](https://community.trading212.com/u/ukcz)\
**Post date:** [July 17, 2021, 2:04pm UTC](https://community.trading212.com/t/multiple-brokers/49429/5 "2021-07-17T14:04:57Z")

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You can only pay into 1 ISA per tax year but you could have multiple non-ISAs and pay in each month

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**Author:** ![red](https://avatars.discourse-cdn.com/v4/letter/r/59ef9b/32.png) [@red](https://community.trading212.com/u/red)\
**Post date:** [July 17, 2021, 4:35pm UTC](https://community.trading212.com/t/multiple-brokers/49429/6 "2021-07-17T16:35:57Z")

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Not true - you can pay into more than one ISA provided they are different types of ISA eg a cash ISA and stocks & shared ISA.

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**Author:** ![ukcz](https://avatars.discourse-cdn.com/v4/letter/u/9fc348/32.png) [@ukcz](https://community.trading212.com/u/ukcz)\
**Post date:** [July 18, 2021, 7:18am UTC](https://community.trading212.com/t/multiple-brokers/49429/7 "2021-07-18T07:18:49Z")

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Guessing OP isn’t asking about cash ISAs paying basically no interest

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**Author:** ![nickspacemonkey](https://avatars.discourse-cdn.com/v4/letter/n/eb8c5e/32.png) [@nickspacemonkey](https://community.trading212.com/u/nickspacemonkey)\
**Post date:** [July 18, 2021, 8:02am UTC](https://community.trading212.com/t/multiple-brokers/49429/8 "2021-07-18T08:02:27Z")

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Big fan of the S&S LISA. Don’t use all £20K in the S&S ISA imo.
