From April 6, the full new state pension is worth £12,547.60 a year. It’s a useful foundation, but it won’t stretch far (and many pensioners won’t even get that much). Research from the Retirement Living Standards shows a single person needs £13,400 just to enjoy the bare minimum retirement lifestyle. They need £31,700 for a moderate one and £43,900 to be comfortable.

That’s why it’s vital to build additional income where possible. Workplace pensions help, for those lucky enough to get one. The Stocks and Shares ISA offers another great way of building wealth. Every adult can use their £20,000 contribution limit to tuck away up to that amount a year, with all growth and dividends free of tax for life.

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.

Building the pot

Let’s say an investor aims to generate a second income worth double the new State Pension of £25,095 a year. Combined with the pension, that delivers a total income of £37,642, more than enough for a ‘moderate’ retirement.

Investing £5,000 a year over 30 years, with annual returns averaging 7%, would build an ISA portfolio worth £505,365. Spread across a range of FTSE 100 shares yielding 5%, that pot could generate annual income of £25,268.

That’s a simplified illustration and not without its flaws. Inflation will erode the spending power of that ISA pot over the decades, while the State Pension should hopefully rise a lot higher. Even so, it shows how steady investing and compounding can transform modest contributions into a meaningful income stream.

NatWest pays lots of dividend income

I can see a host of tempting dividend income stocks on the FTSE 100 today. One that stands out is NatWest Group (LSE: NWG). Its shares have had a stunning run lately, rising 47% over the last year and 185% over five. The board has paid generous dividends on top. Reinvesting shareholder payouts can turbocharge the long-term total return. Dividends can then be drawn as a regular income in retirement.

NatWest remains closely tied to the UK economy, and that brings risks. Slower growth and rising costs could increase business and customer loan impairments. If we slip into stagflation or recession, that could hit profits too.

Yet the shares look good value with a modest price-to-earnings ratio of 8.9. The trailing yield is a thumping 5.32%, and with luck there’s more income to come. Forecasts suggest a yield of 5.88% over the next year, rising to 6.59% in 2027. After such a strong run, the shares may slow from here, but I think NatWest is still worth considering for income-focused investors.

Diversify across the FTSE 100

Investors shouldn’t bet their retirement income on a single stock. Diversification is essential, spreading exposure across sectors and income sources. Following recent volatility, I can see plenty of established names across the FTSE 100 and FTSE 250 offering attractive yields at modest valuations. The income they pay should be a brilliant supplement to the basic State Pension.

The post Here’s how FTSE 100 stocks could help an investor double their State Pension with a £25,150 annual income appeared first on The Motley Fool UK.

A super pension boost

ISA contributions come from taxed income, but all growth and income is free from HMRC’s attentions. SIPPs work differently. Contributions attract upfront tax relief, giving an immediate uplift, but after taking the 25% tax-free lump sum, further withdrawals may be taxable.

That tax relief is tempting. Investors can tuck away up to £60,000 a year, depending on their income, and contributions are instantly boosted with 20% basic rate tax relief, lifting that to £72,000. Higher rate taxpayers can claim a further 20% or 25% via their tax return.

Unused allowances from the previous three years can be carried forward. In theory, that means up to £240,000 could be invested in one go, with tax relief on top.

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.

Few will have that kind of spare cash. But steadily building a SIPP year after year, alongside an ISA to balance the tax treatment, can still produce retirement-changing results.

Building a serious pot

Let’s say somebody invests £750 a month, which adds up to £9,000 a year, for 30 years. If their pot grows at an average compound rate of 8% a year, they’d end up with £1.1m. Remember, that £750 monthly contribution effectively costs a higher-rate taxpayer just £450, after tax relief.

Reaching seven figures demands discipline, patience and the willingness to ride out market volatility. I’d aim to build that wealth via a balanced portfolio of mostly FTSE 100 shares.

One name that stands out to me is NatWest Group (LSE: NWG). Its enjoyed a strong run, up 25% over the past year and an impressive 170% over five. That’s a dramatic turnaround for a bank almost crushed by the financial crisis.

NatWest is back in full private ownership, and chief executive Paul Thwaite is focused on sharpening its core UK banking operations, improving digital services and keeping a tight grip on costs. Higher interest rates have lifted net interest margins and profits across the sector. In 2025, NatWest’s pre-tax profits climbed 24.4% to £7.7bn.

A great income stock

Many expected rate cuts to squeeze those margins this year. Now the Iran war and potential energy shock looks set to drive inflation and interest rates back up. That may support profitability, but could curb borrowing and drive up loan impairments. We could see fresh calls for a bigger windfall tax on the banks.

Even so, much of this looks reflected in the low valuation. The shares trade on a price-to-earnings ratio of under 8.5, and the trailing yield sits at a thumping 5.65%. Investors might consider buying with a long-term view. Further volatility in the days ahead may offer an even better entry point.

Not everyone will build a £1m retirement fund, but it’s an exciting number to aim for. And I can see plenty more cheap, high-yielding FTSE 100 stocks worth considering right now.

The post Is the stock market correction a once-in-a-decade chance to target a million-pound SIPP? appeared first on The Motley Fool UK.

There’s a positive though. All three are cheaper as a result, and yield more. Time to consider buying them?

Last month was tough for the FTSE 100 as a whole. The UK’s blue-chip index fell into correction territory, defined as a drop of more than 10%. There’s no way banks were going to escape the turmoil.

NatWest and Lloyds are heavily exposed to the UK, which offers little protection right now. The OECD has warned Britain could be the worst hit major economy. Barclays has a broader international footprint, thanks to its US corporate and investment banking operations, and Middle East expansion plans. That diversification adds excitement, but widens the risks.

Volatile FTSE 100 sector

If the crisis drags on, higher interest rates could squeeze households and businesses, pushing up bad debts. Mortgage costs may rise too, hitting demand and slowing activity across the housing market.

There’s a positive angle too. All three have benefited from higher interest rates in recent years, which boosted net interest margins, the gap between what they pay savers and charge borrowers.

That was expected to fade as inflation dropped towards 2%, allowing the Bank of England to cut base rates. This seems unlikely now. Rising oil and gas prices could push inflation back towards 4%, delaying cuts and extending that margin boost.

There’s another advantage. The recent sell-off has made all three banks cheaper on a price-to-earnings basis. Barclays trades on just 9.1 times earnings, well below the FTSE 100 average of around 17. NatWest looks even cheaper on 7.9, while Lloyds is pricier at 13.3.

Dividend yields have climbed as share prices have fallen. Barclays has a trailing dividend yield of 2.25%. That’s the lowest of the three, although it prefers to return cash via share buybacks. NatWest offers a meaty 6% yield, while the trailing Lloyds’ yield has crept back above 4%.

Low P/Es, high yields

Forecasts suggest more growth to come. NatWest’s yield is tipped to hit 6.57% in 2026 and then climb to 7.39% in 2027. Lloyds is expected to yield 4.7% and 5.56% respectively. Even Barclays is forecast to pay income of 3.75% in 2026, rising to 4.51% in 2027. These aren’t guaranteed and could be cut if the crisis intensifies.

The share price forecasts are even more eye-catching. Analysts see Barclays hitting 539p within a year, a potential gain of more than 40%. NatWest has a target of 738p, up almost 37%. Lloyds is forecast to reach just over 118p, a rise of around 31%.

These are striking numbers, but they’re only forecasts. Also, most of them are likely to have been made before the Iran conflict, so they don’t reflect today’s share price drops, or increased risks.

Personally, I think all three banks look terrific value and worth considering with a long-term view. Buying today takes nerve though. A sensible approach might be to drip feed money in over several weeks. If they fall further, consider buying more.

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No, the ISA deadline is simply the last day we can contribute cash up to the 2025-26 annual limit of £20,000. Then once it’s in our accounts, we can take our time to decide what we want to buy with it. There’s no deadline on making our actual investment decisions

But we might be able to get some guidance by seeing what people have been buying in March. And the latest update from interactive investor shows a few of my favourite stocks among the 10 most popular. Two of them are on my shortlist, and their share prices have had very different five-year journeys.

Bank on a rebound

NatWest Group (LSE: NWG) is one, up 150% over the past five years. But at the time of writing, NatWest shares are down 23% since their 52-week high in early February. So while the FTSE 100 itself might not have crashed — that means a fall of 20% or more — the NatWest share price has.

It’s Iran, oil, inflation, and all of the rest of the fallouts threatened by the Middle East conflict. Things like that always hit the financial sector, because it underlies just about everything. But to me, the NatWest valuation still looked cheap even after that storming five-year gain, let alone after its recent fall.

NatWest is on a forward price-to-earnings (P/E) ratio of only 7.7 now — around half the Footsie long-term average. And the share price fall has pushed the forecast dividend yield up to 6%.

Now, the dividend isn’t guaranteed. And I can see a volatile time ahead for this one and other financial stocks. But is it one to consider buying on the dips, and holding in a Stocks and Shares ISA for the long term? I think so.

Build for the long term

It would be nice to be able to say Taylor Wimpey (LSE: TW.) is coming down from a strong five-year run too. But the truth is we’ve had year after year of events conspiring against the housebuilding industry. And just when inflation was seriously starting to soften and further interest rate cuts were on the cards… well, fellow builder Bellway perhaps said it best.

With its 24 March results, we heard: “The ongoing conflict in the Middle East heightens the risk of both inflationary cost pressures and an impact to customer demand, and we have already seen volatility return to the mortgage market.”

So, yes, there are some short-term threats, once again, to companies like Taylor Wimpey. But the long-term UK need for new housing isn’t going away… even if it has been stretching even long-term investors’ patience in the past decade and more.

And the — admittedly not guaranteed — forecast dividend yield is up at 8.8% now. Keep taking the cash while waiting for better times? Taylor Wimpey has got to be worth considering too.

The post Investors are rushing to buy these before the Stocks and Shares ISA deadline. Should we join in? appeared first on The Motley Fool UK.

But one FTSE 100 stock — not usually discussed as an income play — is quietly offering a forecast yield of 7.8%.

So, how much dividend income could it generate?

Overlooked dividend giant

The stock in question is NatWest (LSE: NWG). It is a name many investors still associate with the long legacy of the financial crisis rather than dependable income.

Yet the modern iteration of the bank is a very different beast. It is a streamlined, retail‑focused operation with strong capital buffers, disciplined cost control, and the capacity to return hefty sums to shareholders through dividends.

One risk to the bank is interest rates falling faster or further than expected, so pressuring its net interest margin. The margin is the difference between the interest rate received on loans and paid out on deposits. Another risk is the high competition in mortgages and deposits that could squeeze pricing.

Earnings‑growth drivers

NatWest’s latest (annual 2025) results point to several drivers that could support strong earnings growth in the years ahead. And it is ultimately this that drives any firm’s dividends higher over time.

Operating profit before tax soared 24.2% year on year to £7.7bn, while income jumped 12.3% to £16.4bn. These rises were powered by customer growth, recent portfolio acquisitions and a stronger wealth‑management arm.

Meanwhile, costs remain tightly controlled. The bank aims for a sub‑45% cost‑to‑income ratio by 2028 (from 48.6% in 2025 and 53.4% in 2024). And its targeted CET1 ratio of around 13% by then gives it the flexibility to keep returning capital to shareholders.

These trends suggest NatWest has the operational muscle to keep growing profits — and, in turn, to keep lifting its dividends.

How much dividend income can be made?

NatWest hiked its dividend by 51% in 2025, to 32.5p, giving a current dividend yield of 6.2%. It sits well above the present FTSE 100 average of 3.1%, but the bank’s payout is forecast to go even higher.

Consensus analysts’ projections are for dividends of 35.5p this year, 39.9p next year, and 43.2p in 2028. These would generate respective dividend yields of 6.7%, 7.6%, and 8.2%.

So, my £20,000 holding could make me £25,284 in dividends after 10 years and £212,146after 30 years. This covers the standard long-term investment cycle, starting with first investments around 20 and ending in early retirement options about 50. It also assumes the 8.2% yield as an average, although this could go down or up over time.

‘Dividend compounding’ is also factored into the numbers, as this has a turbocharging effect on dividends over the long run.

By the end of 30 years, my holding could be worth £232,146, including the initial £20,000 investment. And this could pay me a yearly income from dividends of £19,036!

My investment view

NatWest’s combination of steady earnings, strong capital position and a generous yield makes it far more attractive than many investors assume.

The bank today is leaner, more focused and far better run than its crisis‑era reputation suggests. I will be buying more of the shares for long‑term income and think other investors with the same aim might want to take a serious look at it.

The post Lists of income stocks to buy almost never include this one — but with a forecast 8.2% yield, I think they should! appeared first on The Motley Fool UK.

Lloyds and NatWest are primarily focused on the domestic UK economy. That sets them apart from Barclays and HSBC, which have global reach. This makes them a little riskier, but potentially more rewarding.

The Middle East conflict is shaking every region as oil & gas prices rocket. The UK looks especially vulnerable, given our reliance on imported energy and persistently sticky inflation. While the Bank of England held interest rates, markets are now pricing in two or three rises across 2026. That could help Lloyds and NatWest in one respect, by allowing them to widen net interest margins again. But it could also hammer the mortgage business, and trigger a sharp rise in business and retail customer loan impairments.

FTSE 100 sector reversal

Despite the recent dip, long-term Lloyds and NatWest investors should still feel content. Their shares are up around 30% and 15% over 12 months, and 125% and 155% over five years. Dividends are on top. Stock market volatility is the price investors pay for the superior long-term returns from equities.

A month ago, both looked a bit pricey, with their price-to-earnings ratios climbing above 15. Today, Lloyds trades on a P/E of roughly 9.5 times earnings, while NatWest is down to 7.8.

That’s not just down to recent share price dips. Both banks recently posted big increases in earnings per share, reflecting a bumper 2025. At Lloyds, full-year profits climbed 12% to £6.7bn, while NatWest’s jumped 24.4% to £7.7bn. Both beat forecasts. Rising earnings and falling share prices – isn’t that the ideal time to swoop?

Lower stock valuations, higher dividend yields

Of course there’s a geopolitical hitch. Headlines are screaming about the biggest oil price spike in history. There’s talk of surging inflation, soaring petrol prices and even food disruption. If even part of that plays out, markets could fall much further. Lloyds and NatWest shares would duly follow. That may arguably create an even better buying opportunity, with a long-term view. The kind that only comes along once a decade, for investors brave enough to take it.

Their dividend yields would automatically rise too. Lloyds has a trailing yield of 3.9%, while NatWest yields 6.1%. Those could climb higher if the stocks fall further. Unless, of course, the downturn’s severe enough to force dividend cuts. That risk can’t be ruled out.

Both shares look attractive on a long-term view, but the short term is deeply uncertain. It always is, but this is more extreme than usual. Then again, a full-blown market crash isn’t guaranteed. The FTSE 100 even showed signs of stabilising on Friday (20 March).

Trying to time the very bottom of the market is impossible. Personally, I think the best approach is to drip-feed money in, while keeping some cash in reserve, in case markets fall further. Lloyds and NatWest aren’t the only FTSE shares worth considering right now.

The post Investors may soon have a once-in-a-decade opportunity to buy cheap NatWest and Lloyds shares appeared first on The Motley Fool UK.

Large gains

The start of the ISA year in 2025 coincided with a major shake-up in financial markets due to concerns over US tariffs. As a result, the FTSE 100 opened on 7 April at 7,699 points. A month later, it traded above 8,600 points, marking a sharp recovery as tensions eased.

The market now sits at 10,255 points, up 33.2% in less than a year. That’s a pretty remarkable statistic and one which would mean the investor would be sitting on an unrealised gain of £3320. However, this is well above the historical rate of return. If the person had decided to put the £10k in the ISA just a month later, the return would have been 19.2%.

The return assumes funds were put in an index tracker. In reality, more active stock selection could have been used, which would have led to even greater profit variability. For example, having a large allocation to Fresnillo would have generated a 280% gain. On the other hand, any big weighting to Autotrader would have lost 34%.

The year ahead

The ISA deadline for 2026 is now less than a month away. As a result, it makes sense to start to look for opportunities. Of course, if an investor has free money now and has only used £10k of the current allowance, there’s room to buy now as the limit is £20k. But if someone has already maxed this out, they’d need to wait for April.

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.

One stock I like is NatWest Group (LSE:NWG). The stock’s been caught up in the recent broader market sell-off, but I don’t think the company is exposed to the situation in the Middle East. Therefore, this could be a short-term dip rather than anything more serious.

In fact, if energy prices remain elevated, it could push UK inflation higher and prompt the Bank of England to actually raise interest rates. This would boost NatWest’s net interest margin, potentially increasing profits later in the year.

Even without this factor, the outlook for the coming year looks bright. Last month, it announced it was acquiring wealth manager Evelyn Partners. This is its biggest deal in decades and shows a clear push to expand more into this space. Wealth management businesses typically have higher margins and steadier income.

However, risks remain. Fintech Revolut just got a UK banking license, highlighting how competition’s stepping up and looking to take market share from more traditional firms like NatWest Group. Even with this, I think it could be a stock to consider for an ISA in the coming year.

The post £10k invested in the FTSE 100 via an ISA on 7 April is currently worth… appeared first on The Motley Fool UK.

Markets are rattled by the war with Iran and rising oil price. It’s hugely worrying on both a humanitarian and investor level, but a stock market sell-off may also a buying opportunity for the brave. I’m looking at two FTSE 100 stocks that look good value today, while yielding more than 5%. Should investors consider them?

Admiral shares hold steady

General insurer Admiral Group (LSE: ADM) tempts with a modest price-to-earnings ratio of 12.4 and generous trailing yield of 5.5%. It’s also one of only a handful of FTSE 100 stocks to be in positive territory today. I suspect it’s still benefiting from last Thursday’s strong full-year results. The board flagged up an “exceptional” performance from its UK motor division as group pre-tax profit climbed 16% to a record £957.9m. Customer numbers increased 7%, as the business continues to grow despite a competitive insurance market.

The dividend per share rose 7% to 205p and the company further rewarded loyal investors with a special payment of 17.2p. Admiral shares are now forecast to yield 6.15%.

Longer-term share price performance has been bumpy though. The stock is broadly flat over the past 12 months and up only about 4% over five years. There are risks. If oil prices continue rising, pressure on household finances could intensify. Motorists might shop around harder for cheaper insurance or cut back on driving to save fuel. Some households could even sell second cars if living costs climb further.

Yet the market reaction suggests investors still see Admiral as a relatively defensive business with strong pricing power.

NatWest Group’s stock gets cheaper

The big FTSE 100 banks have taken a knock lately, including NatWest Group (LSE: NWG). Its shares are down more than 12% over the past month, pushing the price-to-earnings ratio below 8.5. That looks striking given that only a weeks ago it was starting to look expensive with a P/E of 15.

That number was slashed by a strong set of full-year results on 13 February, with earnings per share jumping 27% to 60.8p. Profits surged 24.4% to £7.71bn in 2025 and the group announced a £750m share buyback covering the first half of 2026.

Banks are vulnerable to a wider economic shock. A surge in living costs could hit both households and businesses, increasing the risk of loan impairments. There’s also concern about stress in private credit markets, although other banks may be more exposed.

Yet in one respect, an oil-driven inflation spike may support profits. If interest rates rise, or cuts are delayed, that could help banks maintain net interest margins, the difference between what they pay savers and charge borrowers.

Both shares are well considering with a long-term view. If the crisis deepens, their prices could fall even further. I can see lots of other bargains surfacing as the FTSE 100 sinks.

The post 2 cheap shares with 5%+ yields to consider buying as markets plunge appeared first on The Motley Fool UK.

An ISA is a useful tool because both capital gains and dividends are tax-free. Over time, those tax benefits can be truly powerful.

I thought I’d dig into the numbers to look at how big a nest egg needs to be to deliver a sizeable £1,000 passive income. 

Working out the numbers

Generating £1,000 a month in passive income with dividend shares works out to £12,000 a year.

Assuming a 3.5% average dividend yield, that works out to be about £342,000 worth of shares in an ISA. That’s a big chunk of change. However, there could be ways to reduce this further.

For example, NatWest (LSE: NWG) shares are yielding 5.5% as I write on 6 March. Applying that same maths, the required portfolio value with an average 5.5% yield would drop to around £218,000.

This is where picking the right stocks, being patient, and diversifying becomes critical. A good spread of high-quality dividend stocks delivering an above-average yield, combined with steady contributions, can quickly accelerate investors’ passive income goals.

How long will it take me to save?

Very few investors will have a lazy £200,000 or more just lying around. However, it’s unlikely that you’re not starting from zero on day one.

Let’s say you could save £500 a month and put it into high-yield dividend shares in an ISA with an average 5.5% yield. That £218,000 portfolio is achievable in around 20 years’ time.

Higher-yielding stocks, higher contributions, or some additional share price gains could help to get there even sooner. Markets are uncertain, however, so it’s unlikely to be a smooth and linear journey.

Why NatWest stands out

NatWest has rebuilt itself following the financial crisis and now operates with a strong balance sheet. It returned to full private ownership in 2024 after the UK government sold its final stake, and management has signalled an aggressive capital return programme for shareholders.

I also like that the price-to-earnings (P/E) ratio sits at a modest 8.7 times, well below the FTSE 100 average.

Then there’s the yield. Its dividend has been growing steadily. In February, the company announced a final dividend of 23p per share, up from 15.5p the previous year. It also committed to buying back a further £750m of shares in the latest return of capital to shareholders.

Risks to consider

What about the risks? No dividend is ever guaranteed, which is a risk with relying on dividend shares in general.

For NatWest, UK banks remain sensitive to economic cycles, and a sharp downturn in mortgage lending or rising loan defaults could force management to scale back payouts. NatWest’s profitability is also closely tied to interest rates, the outlook of which remains unclear.

My verdict

For investors targeting £1,000 a month in passive income, the maths are clear. Steady investment into a portfolio with a high average yield can fast track those second income goals.

In my mind, NatWest offers a combination of yield, valuation, and capital return potential right now. While this stock might not suit everyone, there are plenty of opportunities across the Footsie worth exploring for those building an income-focused ISA today.

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Have British banks turned the corner since the debacle of 2008? Is the financial sector of London set for a terrific run? Will banks like Natwest be brilliant buys for investors to consider? The answer to all those questions is yes, by the sounds of it from a few folks…

Thumbs up

The people I am referring to are stock market analysts – the researchers who go in-depth on specific stocks and give judgements both good and bad. In the case of Natwest, many have got their thumbs firmly in the ‘up’ position.

Of the 19 analysts covering the stock, not one has it down has a Sell, and the majority say either Buy or Outperform.

What do they predict for the next 12 months? To start with, the forecast dividend is 5.90% – a huge jump on last year’s value. Dividend forecasts tend to be quite reliable for the banking sector, though they are never guaranteed.

On top of that, we might get a bump in the share price too. The consensus is for a 20.6% increase in the next year, while one analyst is confident enough to plump for a price target 39.8% higher than its current value.

In terms of cash, that could mean £1,000 in NatWest shares turns into £1,249 in a year’s time if the forecasts are close to the mark. On the high end, investors might even be looking at £1,457. These kind of big increases inside a single year are the stuff investors dream of.

A buy?

Does the evidence support such optimistic predictions? I think so. Even after the share price went on a tear, the valuation looks very reasonable. The price-to-earnings (P/E) ratio is a shade under nine at the moment – nearly half the FTSE 100 average. This shows the surge has been driven be earnings growth, a very good sign.

Earnings are set to increase in the years ahead. There is the risk of this simply being a purple patch for bumper earnings, however. If we see falling interest rates (which help banks increase their margins) and a flatlining UK economy (NatWest is highly exposed domestically compared to other banks) then that could put the brakes on here.

To sum up? Analyst forecasts are best estimates based on currently available information. In other words: they are not perfect. But I think the general bullishness is a good sign for NatWest shares. I’d say they’re worth considering.

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