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Yes. New rules from April 2024 mean you can pay into multiple ISAs of the same type in the same tax year. The only constraint is the £20,000 total annual ISA allowance across all your ISAs combined. So you could open a Stocks & Shares ISA with Trading 212 and another with Vanguard in the same year, as long as you don’t exceed £20,000 in total contributions.

You initiate the transfer from the new provider, not the old one. So if you’re moving from Moneybox to Trading 212, you start in the Trading 212 app and request the transfer. ISA transfers don’t count toward your annual allowance. Most providers handle transfers in-specie (your investments move directly) or as cash (everything sold first). Transfers typically take 4 to 8 weeks for ISAs, longer for pensions.

A DIY portfolio means you pick the investments yourself — usually individual stocks, ETFs, or funds. You pay platform fees and dealing fees but you control everything. A managed portfolio means the provider builds and rebalances it for you based on your risk tolerance and goals. You pay a higher percentage fee for the convenience. Moneyfarm and Moneybox both offer managed options. Trading 212, Freetrade, InvestEngine, and most of the rest are DIY.

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All 10 providers we compare are regulated by the Financial Conduct Authority (FCA) and your investments are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000. If a provider went out of business, your investments would either be transferred to another provider or you’d be compensated up to the FSCS limit. Note that FSCS protects you against provider failure, not against your investments losing value.

Both matter, but fees compound. A 0.5% fee difference on a £50,000 portfolio over 30 years is roughly £30,000 in lost returns. That’s enough to fund a year of retirement. For long-term investing, low fees usually win. Features matter more if they help you actually invest consistently — Moneybox’s roundups or Trading 212’s Pies feature have made plenty of people stick with investing who wouldn’t otherwise. The right answer depends on whether the features actually change your behaviour.