ISA-Stocks & shares and cash ISA

imported_Ducklet

Can i have a Stocks and Shares ISA as well as a cash only ISA in the same year? I read that we can't have a mini cash ISA and a maxi stocks and shares ISA in the same year? Think i maybe getting mixed up. Can anyone advise?

lynzpower

I heard not

although Im really not sure

Lorian

You can't open a mini cash ISA and a MAXI stocks ISA in the same tax year. You can open a MINI Stocks ISA.

imported_Ducklet

Its not really very clear is it? Oh well

imported_Ducklet

oh right now that is clear thanks!
'You can't open a mini cash ISA and a MAXI stocks ISA in the same tax year. You can open a MINI Stocks ISA.'

imported_Ducklet

Ok so i've already got a mini cash ISA with the YBS, where can i find a list of mini stocks and shares ISAs ?(Now that we've clarified that we can have 2 mini isas-cash and stocks and shares) Does anyone know?

dunstonh

where can i find a list of mini stocks and shares ISAs

There are about 150 providers of mini stocks and shares ISAs and about 20,000 areas you can invest in.

What do you want to invest in?

lynzpower

Dunston

I have a cash isa filled with 3k for this tax year

If I can have a mini SHARES isa ( is that 3k as well) Id like to do that before the tax year is out ( *gets skates on*) Id like to invest in alternative energy providers. Is this something that spossible do you know?

I have zero time at the mo and this money in burning a hole in my current account, plus paying naff all in interest

imported_Ducklet

I wanted to look into investing in a 'very speculative' risk group like Jupitor Emerging European Opportunities. I saw that some of them reinvested any profits which were made but i'm not so sure i want that.

I've only just started looking after talking to my cousin who had a CIS unit Trust which he said he's had some dividends from.

Here are a few links I looked at:
http://webfund5.finexprestel.com/moneyextra/isa/results.wsp?cdv=yes&level=5&period=36

http://www.iii.co.uk/isas/?type=a2z

EagerLearner

Lynzpower, in my limited understanding you can have the following in any tax year:

- 3k in a cash ISA and 4k in a mini stocks ISA
- OR - 7k total in a maxi ISA

I have a cash ISA with First Direct and now opened a mini stocks ISA with Hargreaves Lansdown. This was opened so we can pay £50 a month via DD and test the Unit Trust waters... sent off cheque yesterday for Jupiter China (accumulation) - fingers crossed!

PS: Can anyone recommend a cash ISA that will accept transfers-in AND pays interest monthly? First Direct are offering a paltry 5.5%...
Many thanks