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ISAs

Patsy_AT
Patsy_AT Posts: 9 Forumite
Tenth Anniversary First Post Combo Breaker
in ISAs & tax-free savings
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?

Comments

  • FrugaiMacDugal
    FrugaiMacDugal Posts: 528 Forumite
    500 Posts Second Anniversary Photogenic Name Dropper
    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
    Sam_666 Posts: 224 Forumite
    100 Posts First Anniversary Name Dropper
    You got £20K isa annual allowance each year. You can use it for cash or shares or both.
    It might change in Nov.
  • clairec666
    clairec666 Posts: 1,063 Forumite
    1,000 Posts Name Dropper
    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
    Albermarle Posts: 30,369 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    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
    Patsy_AT Posts: 9 Forumite
    Tenth Anniversary First Post Combo Breaker
    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
    badger09 Posts: 11,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    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)
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