Should I put cash savings into a Stocks & Shares ISA or fixed-rate bonds right now?

Should I continue to convert cash savings into a Stocks & Shares ISA, or are fixed-rate bonds a safer bet during market volatility? Bonds are taxable, but the higher rate evens this out.

You may like to read up on giltsA gilt is a fixed income bond issued by the UK government. They are so named because, historically, the paper certificates used to issue these bonds had a gilt (gilded) edge. The government issues gilts in order to fund public spending. and consider these as tax-efficient ways to invest in bonds. You basically don't pay tax on the growth. For higher rate taxpayers in particular who have maxed out their ISA allowances, these can be an interesting way to invest in more stable, lower-risk assets. Alternatively, you can pay into a Stocks & Shares ISA to maximise your annual £20,000 allowance but invest it in a money market fund, A type of fund which invests in large volumes of highly liquid, short-term assets - such as cash or high-quality bonds like gilts or Treasuries near maturity - to generate a quick and generally reliable return.which will behave in a cash-like way. You can see the list of popular choices in our monthly bestselling funds series. A final way to mitigate risk is to set up a regular savings instruction and drip-feed into markets over 12 monthly instalments, for example.