Can you open more than one ISA in a year?

Question

I know the limit on how much you can put into a mini cash isa is £3k per annum but does this all have to be in the same isa? Could you open 2 and put £1k in one and £2k in another for example?

Answer 1

No - you can only have up to 2 differnt types of mini-ISA (cash, shares, insurance) or one maxi per year ...

http://www.hmrc.gov.uk/isa/faqs.htm#7


People have been caught out when the provider of last years ISA automatically opens a new one for you this year without telling you....