Can I open an ISA with Fidelity if I have one elsewhere?

Q: I have a pension with Fidelity and an ISA with Halifax. Can I open a Stocks and Shares ISA with Fidelity?

A: The short answer is yes - you can open a Stocks and Shares ISA with Fidelity even if you already have a Cash ISA (or another type of ISA) with a different provider, such as Halifax.

ISA rules changed on 6 April 2024, which means you can now open more than one Stocks and Shares ISA with different providers in the same tax year, as long as you don’t exceed the £20,000 ISA allowance*.

For example, you can open a Stocks and Shares ISA with Fidelity with £10,000, even if you’ve already paid in £10,000 to your existing Halifax ISA this tax year.

You can also transfer ISAs between providers

If you’d prefer to keep your investments in one place, you can transfer an existing ISA to Fidelity without losing your tax-free benefits. Our transfer process is straightforward - simply tell us where your ISA is held, and we’ll handle the rest.

• Learn more about our Stocks and Shares ISA
• How to transfer an ISA

* If you hold a Lifetime ISA this is included in your overall annual ISA allowance, but it has its own cap of £4,000 per tax year. There’s also a separate ISA allowance for a Junior ISA. You can learn more about the Junior ISA allowance here.

Important information - investors should note that the views expressed may no longer be current and may have already been acted upon. Eligibility to invest in an ISA and tax treatment depends on personal circumstances and all tax rules may change in the future. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice.