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CASH ISA and Stocks and Shares ISA query

subtax
Posted Wed, 31 Jul 2024 06:33:01 GMT by subtax
I have a CASH ISA account from last year and i was saving in it till May 2024. After that, i have opened a new CASH ISA with another provider for better interest rate. Can i still continue saving in both Cash ISA? Or i should close old one and transfer my money to new Cash ISA and use the new one only for future savings? With new rules in 2024, can i open a new stocks and shares ISA this year and operate it alngwith my old/new CASH ISA?
HMRC Admin 32 Response
Posted Mon, 05 Aug 2024 10:27:15 GMT by HMRC Admin 32 Response
Hi,
You can still contribute to both but the total you invest in 1 tax year cannot exceed £20000.
Thank you.

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