Choosing an account

I already have an ISA – can I still open one on the Moneybox website?

Yes! You’re able to open and deposit into more than one ISA in the same tax year. This includes paying into more than one ISA of the same type (e.g. paying into two Cash ISAs in the same tax year), but excludes paying into more than one Lifetime ISA, as this is limited to one per tax year.

There is an annual ISA contribution allowance of £20,000, which resets at the start of each tax year. This allowance is shared across all of the ISAs that you have open.

You can open one ISA of each type with Moneybox – we offer a Cash ISA, Stocks & Shares ISA, and a Lifetime ISA (Cash or Stocks & Shares), and you can open all three of these should you wish. Please note that our Stocks & Shares ISA and Lifetime ISAs can currently only be opened via our mobile app.

Our Cash ISA can be opened via our app and website. You can also transfer an existing ISA from your current provider during the registration process, or once registration is complete by clicking ‘View account’ next to your Cash ISA, then ‘Transfer in an existing ISA’.

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It's important you know

Capital at risk. All investing should be for the longer term. The value of your investments can go up and down, and you may get back less than you invest. Tax treatment depends on individual circumstances and may be subject to change in the future.

A 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid into your Lifetime ISA.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Payments you make into your pension won’t be accessible until the minimum pension age (currently 55, increasing to age 57 from 2028). Tax treatment depends on individual circumstances and may be subject to change in the future.

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