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ISA Options

Can I open both a S&S Isa and a cash ISA and fund bothwith £20k in the same financial year ?

Comments

  • ColdIron
    ColdIron Posts: 10,330 Forumite
    Part of the Furniture 10,000 Posts Hung up my suit! Name Dropper
    MJC1977_2 said:
    Can I open both a S&S Isa and a cash ISA
    Yes, they are different types of ISA
    and fund bothwith £20k in the same financial year ?

    No, £20,000 across the two

  • noclaf
    noclaf Posts: 1,004 Forumite
    Part of the Furniture 500 Posts Name Dropper
    ColdIron said:
    MJC1977_2 said:
    Can I open both a S&S Isa and a cash ISA
    Yes, they are different types of ISA
    and fund bothwith £20k in the same financial year ?

    No, £20,000 across the two

    Just as a follow-up question to OP's, if an individual is contributing monthly to an S&SISA in current tax year, let's assume planning to contribute £6k in total for the year could I also open a cash ISA and put the other £14k of the total permitted annual  allowance into the cash ISA?
  • ColdIron
    ColdIron Posts: 10,330 Forumite
    Part of the Furniture 10,000 Posts Hung up my suit! Name Dropper
    Same question, same answer
    Yes, they are different types of ISA
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