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ALL THE DIFFERENT TYPES OF ISA.

I need to know the difference. I will type here on what I believe to be true. Please correct or confirm this.
There are 4 different type of ISA:
  • Cash ISA
  • Lifetime ISA (with a £4K limit)
  • Innovation Finance ISA
  • Stock and Share ISA
We can contribute in total £20,000 and only pay into one of each type in a year. Plus you don't pay any tax on this investment.
At the moment I have Innovation Finance ISA and S&S ISA opened in the last 2 years before the 2020-21 tax year.
I realised in LISA there is Cash LISA and S&S LISA.
I do not know if S&S LISA is the same type as S&S ISA. (The reason for creating this thread)
My question is if I can open S&S LISA and contribute to that?

Comments

  • eskbanker
    eskbanker Posts: 40,770 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I do not know if S&S LISA is the same type as S&S ISA. (The reason for creating this thread)
    It was the reason you started your other thread too, and it's been answered there....
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