ISa Limits
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mb3006
Posts: 342 Forumite
I understand that the maximum that can be invested in a cash ISA £5100 or £10200 in a stocks and shares one. My question is:
If I invest £3000 in a cash ISA does this mean that the max I can invest in a S&S one is £5100 or can I make up the difference to £10200 and invest £7200 into the S&S one?
Many thanks
If I invest £3000 in a cash ISA does this mean that the max I can invest in a S&S one is £5100 or can I make up the difference to £10200 and invest £7200 into the S&S one?
Many thanks
0
Comments
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Cash ISAs have a maximum of £5100. S&S ISAs have a maximum of £10200 minus anything paid into the cash ISA. So, on your example, £3000 in cash would allow 7200 in S&S ISA.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Thanks so much for your quick reply - that is a great help0
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