I’d invest £50 a month in a Stocks and Shares ISA for passive income

I am always looking for new ways to boost my passive income from investments. I believe investing in equities is one of the best ways to create a steady income.

Combined with the tax-efficient nature of a Stocks and Shares ISA, the strategy could be twice as effective.

Markets around the world are reeling from the coronavirus pandemic… and with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.

But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be a daunting prospect during such unprecedented times.

Fortunately, The Motley Fool UK analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global upheaval…

We’re sharing the names in a special FREE investing report that you can download today. And if you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio.

Click here to claim your free copy now!

ISAs are a great tool to invest in the market because any income or capital gains earned on assets held within one of these wrappers are not liable for tax .This suggests I could generate a tax-free passive income by investing and saving in a Stocks and Shares ISA . Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice. Readers are responsible for carrying out their own due diligence and for obtaining professional advice before making any investment decisions. Stocks and Shares ISA investing According to […]

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