T212 ISA 20/21 VANGUARD 21/22?


I have had a trading 212 ISA from March 2020 and have made deposits into this year.

I intend to open a vanguard ISA for next years allowance and understand that i won’t be able to pay into my current trading 212 isa in that year.

Can i alternate the year after with the existing trading 212 ISA or would i need to open a 2nd trading 212 ISA for that years allowance (also as i understand, u wouldnt be able to pay into my vanguard one).

Furthermore, If i don’t deposit anything into my current T212 ISA next year (when i intend to actively deposit into the vanguard) am i able to buy and sell from within this without being penalised in any way? i.e liquidating stocks within to buy others?


you will only ever have 1 ISA with T212, so when you return the year after it would just deposit into the account you have right now under that years allowance. in that scenario, you stop paying into the vanguard ISA.

As long as you don’t deposit into the T212 ISA, you should have no issues with controlling the funds and shares present inside.