Stocks and Shares ISA switch could boost income-Fidelity

clock

Income investors who have built up savings in cash ISAs over the past decade may wish to consider rolling some of their holdings into Stocks & Shares ISAs, says Fidelity International.

With the Bank Rate at 1% the average rate on a Cash ISA is now only 2.1% so a saver with the average investment of £2,200 in a Cash ISA would receive a projected annual income of just £46.20. This is less than half the projected annual income at the end of last year's ISA season of £105.82 when the interest rate on £142bn held in Cash ISAs was 4.8%. However, Fidelity draws attention to the fact that since 6 April 2008 holders of Cash ISAs have been able to transfer money to Stocks & Shares ISAs. The new rules apply retrospectively so investors can transfer some or all of their Cash ISA ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Consultancy launches to provide IFAs with 'robust' investment processes

Consultancy launches to provide IFAs with 'robust' investment processes

Sheridan Admans launches Infundly

Isabel Baxter
clock 06 November 2025 • 1 min read
Inflation protection not front of mind for financial advisers

Inflation protection not front of mind for financial advisers

Titan Square Mile report suggests

Jen Frost
clock 04 November 2025 • 3 min read
Trick or treat? The UK and global economy face their Halloween ghosts

Trick or treat? The UK and global economy face their Halloween ghosts

‘Wealth managers and market professionals are tiptoeing past economic graveyards’

Stephen Jones
clock 31 October 2025 • 4 min read