I've already got an IFISA. Can I have more?

Updated a month ago

You can only contribute new funds to one IFISA each tax year, but you may hold multiple IFISAs from previous tax years.

You can move historic funds (balances in ISAs from previous tax years) into any of the IFISAs you hold at any time without affecting your annual allowance.

You must use the ISA transfer-in process – a specific form your provider can give you – to do this.

If you withdraw funds or close an ISA to move them over, they're seen as new funds and will be deducted from your allowance.

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