ISAs

Patsy_AT

I have a stocks and shares ISA that I never pay into. Can I also open a cash ISA? And if so how much can I pay into it per tax year?

FrugaiMacDugal

Patsy_AT said:

I have a stocks and shares ISA that I never pay into. Can I also open a cash ISA? And if so how much can I pay into it per tax year?

I have a stocks and shares ISA that I never pay into. 

Why?

MSE Isa link.

Sam_666

You got £20K isa annual allowance each year. You can use it for cash or shares or both.
It might change in Nov.

clairec666

If you haven't paid any money into an ISA this tax year, you can put in £20000. It doesn't matter that you have an unused ISA still open.

Albermarle

If you want to improve your knowledge about ISA rules ( which can be a bit confusing) a good read through this forum would be useful

Patsy_AT

FrugaiMacDugal said:

Patsy_AT said:

I have a stocks and shares ISA that I never pay into. Can I also open a cash ISA? And if so how much can I pay into it per tax year?

I have a stocks and shares ISA that I never pay into. 

Why?

MSE Isa link.

Should have been clearer. I have money in my stocks and shares ISA that is gradually growing but rather than adding to it I want the steadier option of a cash ISA as well.

badger09

Patsy_AT said:

FrugaiMacDugal said:

Patsy_AT said:

I have a stocks and shares ISA that I never pay into. Can I also open a cash ISA? And if so how much can I pay into it per tax year?

I have a stocks and shares ISA that I never pay into. 

Why?

MSE Isa link.

Should have been clearer. I have money in my stocks and shares ISA that is gradually growing but rather than adding to it I want the steadier option of a cash ISA as well.

Yes. 

You can open a Cash ISA & pay in up to £20k. 

You could open several if you wanted to, as long as you don’t pay in more than £20k in total before 5/4/26. 

After 6/4/26 you’ll have another £20k ISA allowance. (Under current rules)