How to turn a £20k ISA into a £73,859 yearly passive income!

With the Stocks and Shares ISA, individuals can invest £20,000 in the stock market every year to earn dividends. Tax grabWithin the ISA wrapper, investors can invest in shares without paying capital gains tax (CGT) or dividend tax. Smart investing with an ISANow, what about if the investor put £20,000 in a Stocks and Shares ISA each year instead? With protection from dividend tax and CGT, they'd have turned that regular investment into £1,846,480, assuming the same 9% return. And with safeguards from CGT when making their 4% yearly drawdown, too, they'd have a second income of £73,859 hitting their bank account.