You may pay into both a stocks and shares (investment) ISA and a cash ISA during the same tax year provided you do not exceed the annual limits.
Read our guide to ISAs for information about allowances and ISA transfers.
For more information on how savings and investments are taxed see our Savings and Investments Tax Guide.
ISAs Explained: ISA benefits
- No tax on income from your ISA
- No tax on capital gains arising on your ISA
- No tax when the policy pays out
ISAs Explained: Who can have an ISA?
To open an ISA you have to be aged 18, or 16 for a cash ISA. You must be a resident in the UK. You cannot hold an ISA jointly with, or on behalf of, anyone else.
See the tables for stocks and shares ISAs or visit cash ISAs for cash ISA options.