diff --git a/pkg/cmd/template/schema_author_test.go b/pkg/cmd/template/schema_author_test.go
index 3d723b2e..16028ce9 100644
--- a/pkg/cmd/template/schema_author_test.go
+++ b/pkg/cmd/template/schema_author_test.go
@@ -331,37 +331,6 @@ schema.yml:
 			assertFails(t, filesToProcess, expectedErr, opts)
 		})
 	})
-	t.Run("when schema/type and schema/nullable annotate a map", func(t *testing.T) {
-		schemaYAML := `#@data/values-schema
----
-#@schema/type any=True
-#@schema/nullable
-foo: 0
-`
-
-		expectedErr := `
-Invalid schema
-==============
-
-@schema/nullable, and @schema/type any=True are mutually exclusive
-schema.yml:
-    |
-  3 | #@schema/type any=True
-  4 | #@schema/nullable
-  5 | foo: 0
-    |
-
-    = found: both @schema/nullable, and @schema/type any=True annotations
-    = expected: one of schema/nullable, or schema/type any=True
-`
-
-		filesToProcess := files.NewSortedFiles([]*files.File{
-			files.MustNewFileFromSource(files.NewBytesSource("schema.yml", []byte(schemaYAML))),
-		})
-
-		assertFails(t, filesToProcess, expectedErr, opts)
-
-	})
 
 	t.Run("when schema/default annotation value", func(t *testing.T) {
 		t.Run("is empty", func(t *testing.T) {
diff --git a/pkg/cmd/template/schema_consumer_test.go b/pkg/cmd/template/schema_consumer_test.go
index 25f28572..c8d7c368 100644
--- a/pkg/cmd/template/schema_consumer_test.go
+++ b/pkg/cmd/template/schema_consumer_test.go
@@ -1420,6 +1420,33 @@ rendered: #@ data.values
 
 		assertSucceeds(t, filesToProcess, expected, opts)
 	})
+
+	t.Run("when the type is also explicitly set", func(t *testing.T) {
+		schemaYAML := `#@data/values-schema
+---
+#@schema/nullable
+#@schema/type any=True
+foo: 0
+#@schema/type any=True
+#@schema/nullable
+bar: ""
+`
+		templateYAML := `#@ load("@ytt:data", "data")
+---
+rendered: #@ data.values
+`
+		expected := `rendered:
+  foo: null
+  bar: null
+`
+
+		filesToProcess := files.NewSortedFiles([]*files.File{
+			files.MustNewFileFromSource(files.NewBytesSource("schema.yml", []byte(schemaYAML))),
+			files.MustNewFileFromSource(files.NewBytesSource("template.yml", []byte(templateYAML))),
+		})
+
+		assertSucceeds(t, filesToProcess, expected, opts)
+	})
 	t.Run("when any is set on maps and arrays with nested dvs and overlay/replace", func(t *testing.T) {
 		schemaYAML := `#@data/values-schema
 ---
diff --git a/pkg/schema/annotations.go b/pkg/schema/annotations.go
index 1e08042b..bcaf6b27 100644
--- a/pkg/schema/annotations.go
+++ b/pkg/schema/annotations.go
@@ -658,52 +658,35 @@ func processValidationAnnotation(node yamlmeta.Node) (*ValidationAnnotation, err
 	return nil, nil
 }
 
-func getTypeFromAnnotations(anns []Annotation, pos *filepos.Position) (Type, error) {
+func getTypeFromAnnotations(anns []Annotation) (Type, error) {
 	annsCopy := append([]Annotation{}, anns...)
 
-	if len(annsCopy) == 0 {
-		return nil, nil
-	}
-	if len(annsCopy) == 1 {
-		typeFromAnn, err := annsCopy[0].NewTypeFromAnn()
-		if err != nil {
-			return nil, err
-		}
-		return typeFromAnn, nil
-	}
-
-	var conflictingTypeAnns []Annotation
+	var typeFromAnn Type
 	for _, ann := range annsCopy {
 		switch typedAnn := ann.(type) {
-		case *NullableAnnotation:
-			conflictingTypeAnns = append(conflictingTypeAnns, ann)
 		case *TypeAnnotation:
 			if typedAnn.IsAny() {
-				conflictingTypeAnns = append(conflictingTypeAnns, ann)
+				var err error
+				typeFromAnn, err = typedAnn.NewTypeFromAnn()
+				if err != nil {
+					return nil, err
+				}
+			}
+		case *NullableAnnotation:
+			if typeFromAnn == nil {
+				var err error
+				typeFromAnn, err = typedAnn.NewTypeFromAnn()
+				if err != nil {
+					return nil, err
+				}
+			} else {
+				typeFromAnn.SetDefaultValue(nil)
 			}
 		default:
 			continue
 		}
 	}
 
-	if len(conflictingTypeAnns) > 1 {
-		annPositions := make([]*filepos.Position, len(conflictingTypeAnns))
-		for i, a := range conflictingTypeAnns {
-			annPositions[i] = a.GetPosition()
-		}
-		return nil, schemaAssertionError{
-			annPositions: annPositions,
-			position:     pos,
-			description:  fmt.Sprintf("@%v, and @%v any=True are mutually exclusive", AnnotationNullable, AnnotationType),
-			expected:     fmt.Sprintf("one of %v, or %v any=True", AnnotationNullable, AnnotationType),
-			found:        fmt.Sprintf("both @%v, and @%v any=True annotations", AnnotationNullable, AnnotationType),
-		}
-	}
-
-	typeFromAnn, err := conflictingTypeAnns[0].NewTypeFromAnn()
-	if err != nil {
-		return nil, err
-	}
 	return typeFromAnn, nil
 }
 
diff --git a/pkg/schema/schema.go b/pkg/schema/schema.go
index 660ada1d..b5c6a382 100644
--- a/pkg/schema/schema.go
+++ b/pkg/schema/schema.go
@@ -116,7 +116,7 @@ func getType(node yamlmeta.Node) (Type, error) {
 	if err != nil {
 		return nil, NewSchemaError("Invalid schema", err)
 	}
-	typeOfValue, err = getTypeFromAnnotations(anns, node.GetPosition())
+	typeOfValue, err = getTypeFromAnnotations(anns)
 	if err != nil {
 		return nil, NewSchemaError("Invalid schema", err)
 	}
@@ -156,10 +156,6 @@ func getValue(node yamlmeta.Node, t Type) (interface{}, error) {
 		}
 	}
 
-	if _, ok := t.(*AnyType); ok {
-		return node.GetValues()[0], nil
-	}
-
 	return t.GetDefaultValue(), nil
 }