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im wanting to start a funds isa, my chioce as been legal and general, global emerging markets index tracker, and putting £100 a month in, then looking at a uk index tracker again £100 a month. am i better starting one now, then one next tax year, or opening a hargreaves lansdown self select isa, in which i think, i could start both now, am i right
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878The rule is that you can contribute to one S&S provider per tax year, regardless of the number of funds within that ISA wrapper.
So you can do 2 funds now under L&G or both under HL, but not one under each.
It doesn't matter when you start to contribute, it is a matter of what contributions you pay in any one tax year.
If you can't get both funds that you want under the one wrapper, then consider doing £200 per month in alternate tax years and vice-versa.
Mike
Posted on 25 November 2010 |
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0so looking at what you have said mike , your allowed to start a new fund each tax year, but cant pay into the previous fund, unless its with such as hl thick me, thought you could take out new one each year, and keep paying contributions into them all, as long as not over £10200 limit.
Posted on 07 December 2010 | Love 0 loves
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