Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
 Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

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Help and support  /  Share dealing and ISAs

Can I open an IG Smart Portfolio ISA and a share dealing ISA in the same year?

Yes. Each tax year you’re only able to open one stocks and shares ISA and one cash ISA. An IG Smart Portfolio ISA and share dealing ISA are both stocks and shares ISAs, but as they’re held under one entity, IG Markets, they’re classed as a single stocks and shares ISA.

This means you can open both accounts, and invest your full ISA allowance (£20,000 for 2020/21) between them.*

*Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.

Related questions

How much can I deposit in a cash ISA and a stocks and shares ISA each year?

Do you offer junior ISAs?

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.

The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.

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