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This paper characterises the subspaces of simultaneously invariant under and , where is the unilateral shift, then further identifies the subspaces that are nearly invariant under both and for . More generally, the simultaneously (nearly) invariant subspaces with respect to and are characterised for , and which leads to a description of (nearly) invariant subspaces with respect to higher order shifts. Finally, the corresponding results for Toeplitz operators induced by a Blaschke product are presented. Techniques used include a refinement of Hitt’s algorithm, the Beurling–Lax theorem, and matrices of analytic functions.

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