Partial transfer and ISA

🤝 Help
1

Hi! I want to do a partial transfer from my HL Stocks and Shares ISA to trading 212. I always try to maximise my allowance and I’ve never gone over the £20k per tax year. My question is 1) can I keep two separate Stocks and Shares ISA, one with funds in HL, one with stocks in trading 212 2) Are there any tax implications I should be aware of, even if across both I keep below the allowance limit?

I’ve tried to find info online but the wording of official documents make it frankly more difficult that it ought to be to understand what’s going on. Thanks a lot in advance!

2

You can have as many ISA accounts as you like as long as you do not invest more than a total of 20K in any one tax year, notwithstanding future changes to this allowance.

3

There is any annual submission of ISA data to HMRC by financial institutions for the purpose of reconciliation.

4

Thanks! That makes a lot of sense :slight_smile: