In theory, filling your Stocks and Shares ISA with dividend-paying stocks to create passive income streams sounds basic.

In practice, of course, there are several things to consider when deciding how you might try to implement such an approach.

For example, how much money is needed and what type of action will work for such a program?

Productivity determines income

In miniature, how much someone earns depends in some way on the size of their Stocks and Shares ISA and the average dividend rate they generate.

Yield is basically what someone earns annually in dividends from the stocks they own, expressed as a percentage of the purchase cost.

For example, let’s say an investor wants to earn a monthly passive income of £500. This adds up to £6,000 a year.

To keep things basic, consider a yield of 6%. At this level the Stocks and Shares ISA would need £100,000. pounds to reach your target income level.

Let’s get to the brass tacks

I used 6% as an example, but I think it’s realistic.

That’s about twice the current FTSE100 average yield, it must be admitted. However, there are quite a few FTSE shares that yield 6% or more. Also, since this is an average, some stocks may yield less if the average is achieved overall. A well-structured stocks and shares ISA should be diversified.

Currently 100 thousand pounds is five times the typical annual ISA contribution.

If someone had a spare 100,000 pounds in an ISA, he could utilize it.

Alternatively, an investor can accumulate dividends over years by either taking the dividends as passive income or reinvesting them (combining) them initially to accelerate progress toward the $100,000 figure. pounds.

Income share to consider

I think investors should consider a FTSE 100 per share yield of well over 6%. 7.8% to be precise.

This share is there Legal and general information (LSE: LGEN). The financial services provider aims to augment its dividend per share by 2% each year, although as with any stock, dividends are never guaranteed.

I think the company has a lot of factors in its favor. It operates in a retirement-oriented space. Not only is it that gigantic, but it’s also sturdy and will probably stay that way.

Thanks to its forceful and established brand, Legal & General has managed to carve out a distinctive place in this market. It has a immense customer base and a proven business model.

Thanks to this, it has been able to pay substantial dividends for many years. The last time it cut payouts was during the 2008 financial crisis.

This month the company confirmed it had completed the sale of a major US insurance business, which is expected to generate a profit of more than £1.3 billion.

This profit could aid finance the dividend. However, the sale will likely mean a decline in revenue as Legal & General has shed a immense business.

It’s risky, but I consider this stock an option for income investors to consider.