Cash ISA & S&S ISA at same time

98 Posts

I should manage to exhaust pension AA having used up all available carry forward in the next tax year, then hopefully hitting the AA over next few years after that. Therefore I'll be looking to open my first S&S ISA later this year for anything extra I can manage to put away for retirement above the pension AA.
I already have a cash ISA that I've built up to ~£75K over past few years that will likely be used towards a property purchase at some point. Can I simply open a new S&S ISA with a different provider while keeping existing cash ISA running? I understand I'll be limited to max £20K total contributions per tax year across both accounts but just want to make sure that having both types of accounts with different providers at same time is allowed?
Also at some point in the future I may want to transfer some of the cash ISA into the S&S ISA. For example following property purchase if £20K was left over in cash ISA could I transfer this £20K to S&S ISA while also contributing £20K new money to the S&S ISA in same tax year? (the £20K from cash ISA having been from a previous tax year's allowance). The cash ISA is flexible if that makes any difference.
Thanks.
I already have a cash ISA that I've built up to ~£75K over past few years that will likely be used towards a property purchase at some point. Can I simply open a new S&S ISA with a different provider while keeping existing cash ISA running? I understand I'll be limited to max £20K total contributions per tax year across both accounts but just want to make sure that having both types of accounts with different providers at same time is allowed?
Also at some point in the future I may want to transfer some of the cash ISA into the S&S ISA. For example following property purchase if £20K was left over in cash ISA could I transfer this £20K to S&S ISA while also contributing £20K new money to the S&S ISA in same tax year? (the £20K from cash ISA having been from a previous tax year's allowance). The cash ISA is flexible if that makes any difference.
Thanks.
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