Anyone with cash ISA warned over rule change 'rumoured to be on horizon' You can currently use multiple Stocks & Shares ISAs after the ‘one per year’ limit was scrapped in 2024, with a £20,000 annual deposit limit currently in place. Anyone with cash ISA warned over rule change 'rumoured to be on horizon' With the new tax year underway and changes to the ISA rules rumoured to be on the horizon, one of the UK’s biggest financial influencers has shared where to invest before it's too late. You can currently use multiple Stocks & Shares ISAs after the ‘one per year’ limit was scrapped in 2024, with a £20,000 annual deposit limit currently in place. Though with the future of this allowance under review, now could be your best chance to make the most of it while you can. ‌ Damien Jordan, founder of Financial Interest and Damien Talks Money, says: “Trading 212 offers fractional stocks and ETFs with no trading commissions, no account management fees, and a best-on-the-market FX rate of just 0.15% — a figure that’s literally 10% of what some competitors charge. You can also avoid it by just buying investments listed in pounds, so you can completely avoid paying any fees directly to Trading 212. ‌ READ MORE HMRC issues warning to 'wind down' use of scheme as it begins 'crackdown' “This flexible Stocks & Shares ISA allows you to withdraw and re-deposit in the same tax year without affecting your annual ISA limits, withdrawals are lightning-quick whenever we’ve tested, and you can deposit and withdraw for free. Article continues below “Trading 212 offers the ability to buy over 3,000 exchange traded funds including a whole host of the most popular Vanguard, Blackrock and Invesco funds as well as other providers. They also offer more niche fund choices in varying asset classes and they list thousands of individual companies from loads of global markets as well.” He added: “InvestEngine is really well suited to investors who just want to buy index funds, offering 795 exchange traded funds currently - and this is constantly going up. They have access to all the big name providers that you would hope to see, giving you lots of choice. It’s also really simple to use and you could use the app without any instruction, with details of investments clearly presented and the ETF filters are a great way to sort through them. There’s also a portfolio builder tool that’s really easy to use and their saving plan feature automates deposits via a direct debit for you. “The ISA is also flexible so you can take any amount of money out that’s inside your stocks and shares ISA and as long as you pay it back within the same financial year, it won’t use up that year’s ISA allowance. When it comes to fees, you can invest with InvestEngine without them charging you any trading commissions or account fees, and all investments are listed in pounds so foreign exchange fees aren’t possible.” Article continues below