Cash ISA & S&S ISA in same year

Ljc80_2

When my Kent Reliance fix ends in April, I intend to move on to their 0.45% fix for a further year (unless anything changes with rates before)
Can I also open a S&S ISA with Vanguard (Lifestrategy 40/60) and pay into that in the same tax year?
Predominantly the new money will all go into the S&S but just wondered if you can pay into both? 

dj1471

Yes you can pay into 1 S&S ISA and 1 cash ISA during each tax year, so long as you don't exceed the overall contribution limit (£20k).

Ljc80_2

Thank you for confirming

JGB1955

You won't be paying into a new cash ISA though, will you ? - you'll be transferring a previous years subscription into one... which is fine.

jimjames

JGB1955 said:

You won't be paying into a new cash ISA though, will you ? - you'll be transferring a previous years subscription into one... which is fine.

Good point. In which case they'll be able to pay in £20k to Vanguard if they've not used any of their allowance elsewhere this year

Ljc80_2

I will be transferring previous years pot into a new KR cash ISA and opening a S&S one to pay into with new money each month.

But I wanted to know if I could also pay into the cash one if I wanted to with new money

Aceace

Yes, you can open an  unlimited number of new ISAs of any types and transfer unlimited previous year's funds into them.