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Here’s a £20,000 Stocks and Shares ISA offering £1,260 in passive income a year!
['James Beard', 'Min Read']
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With living standards coming under pressure, a Stocks and Shares ISA's a great way of producing some extra cash.
Taking it to the maxThe most than can be invested in a Stocks and Shares ISA each tax year is £20,000.
If they invested £4,000 in each of the five highest-yielding FTSE 100 shares, they could unlock annual passive income of £1,260 (at 1 August).
And unfortunately, it's difficult to predict the future so a stock's dividend history is often used as a guide.
Top of the pileThat's why many income investors have Legal & General (LSE:LGEN), the "leading financial services group" in their portfolios.