Can I open a stocks and shares ISA if I already have a help to buy ISA (i.e top up to 20k)

Nebo247

I pay monthly into a help to buy ISA but annually it falls below the 20k limit. Can I top up to £20k using a second stocks and shares ISA?

eskbanker

Yes, as long as you only pay into one S&S ISA (i.e. assuming you meant second ISA, not second S&S ISA), as explained at https://www.gov.uk/individual-savings-accounts:

There are 4 types of ISA:

• cash ISAs [includes HTB]
• stocks and shares ISAs
• innovative finance ISAs
• Lifetime ISAs

You can put money into one of each kind of ISA each tax year.

However, if you're saving for a property deposit, are you sure it's sensible to be investing at the same time?

Nebo247

thanks ! much appreciated.