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

SEI to launch two LTAFs in private markets 'expansion'

SEI to launch two LTAFs in private markets 'expansion'

‘Mansion House ambition’

Cristian Angeloni
clock 03 July 2026 • 1 min read
Darius McDermott: Building a resilient portfolio in a concentrated market

Darius McDermott: Building a resilient portfolio in a concentrated market

'A well-balanced portfolio should also take in the broadest possible range of growth opportunities'

Darius McDermott
clock 01 July 2026 • 5 min read
Fahad Hassan: Progress on many fronts

Fahad Hassan: Progress on many fronts

'Financial markets are increasingly pricing in a more benign inflation environment ahead'

Fahad Hassan
clock 01 July 2026 • 5 min read