Evening all! Stocks & Shares ISA question here.
I note the following from a Freetrade blog post:
- You can only contribute to one of each type of ISA each tax year.
- Based on the current rules, you can keep as many ISAs as you want open.
My question is on the specific definition of “contribute” in this. Does this only refer to depositing cash into the Freetrade ISA account? Or does it also include any one of: buying shares, selling shares, receiving dividends, buying shares with received dividends or withdrawing cash from a Freetrade ISA?
I am intending on depositing a lump sum of cash into the account before the 5th April with which I will buy/sell shares in the next financial year. I do however want to keep my options open for the next financial year and don’t want to prevent myself from opening a new Stocks & Shares ISA with a different provider in the coming financial year.
Thanks in advance,