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Question

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

Answer

The ISA limit for 2016/17 is £15,240, set to rise to £20,000 from 6 April 2017.
You have the freedom to use your ISA allowance as you wish, with the choice to split this between cash and investments in any way you like. 
Please note: You can only pay into one type of ISA in each tax year.
For example: You could split your ISA allowance between a cash ISA and investment ISA, but not two cash ISAs.

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