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Can I open both a Stocks and Shares ISA and a Cash ISA in the same tax year?

April 26, 2017cash ISA Shares stocks tax year

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Can I open both a Stocks and Shares ISA and a Cash ISA in the same tax year?

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Yes. In any one tax year you can put your tax allowance either in a Stocks and Shares ISA with one ISA provider or split your allowance between a Stocks and Shares ISA and a Cash ISA. However you canot subscribe more than £7,200 in total to a Stocks and Shares ISA and a Cash ISA. Also, you cannot subscribe in more than of each type of ISA each year.