ISA Explained for Beginners Everything You Need to Know

############################# Video Source: www.youtube.com/watch?v=kA9W7AQ0i2Q

UK ISA's EXPLAINED! (Cash ISA, Stocks and Shares ISA, Lifetime LISA the Innovative Finance ISA) And how YOU can use them to build wealth • Are you looking to save money to set up for your future? • Maybe you already have a savings account but those savings aren't growing how you hoped, leaving you feeling frustrated. I hear you! • Well i'm here to tell you that by using a UK ISA you can save a tonne of money AND can even get some free cash from the government in the process • In this video I cover all of the types of Individual savings accounts(ISA's) available, Including: • Cash ISA • Stocks and Shares ISA • Lifetime LISA • the Innovative Finance ISA • You might be wondering how an Individual Savings Account can work for you, or what the difference between the each different type is? • Maybe you have looked into ISA's already and lets face it, a lot of advice out there is super boring and often totally confusing • I know, I get it! The topic of UK ISA's can seem super intimidating and many people are left confused on where to start • I'm here to show you how you can use an Individual savings account to build long term wealth TAX FREE (Yes you heard me!) • I will take you through each of the main ISA types, explaining what they are for, how you use an ISA AND I will give insight into how I personally structure my own ISA's for maximum effect and optimum wealth growth • Sound good? Great! Then watch this video, and start YOUR positive personal finance journey • 🔴 Subscribe for more no bull information on finance: / @damientalksmoney • 🕘Timestamps: • 0:36 What is an isa? • 1:13 Tax wrapper explained • 2:19 Current tax levels • 5:30 Cash isa • 7:25 Stocks and shares Isa • 9:46 Isa contribution limits • 11:55 Lifetime Isa LISA • 15:53 Innovative finance ISA • 📎 Links from the VIDEO • General Info • Government website providing information and up to date allowances for all UK isa types • https://www.gov.uk/individual-savings... • Cash ISA • 1. Which article listing different types of Cash isa • https://www.which.co.uk/money/savings... • 2. link to Comparison site • https://www.comparethemarket.com/savi... • Stocks and shares isa • Here are the two i have used. • Vanguard are an american company HL (Hargreaves Lansdown and based in the UK) I switched from HL to Vangard as their ISA is slightly cheaper. • https://www.vanguardinvestor.co.uk/ • https://www.hl.co.uk/ • 🎫 Do you want a free share? • Create a Trading 212 Invest account using this link: • https://www.trading212.com/invite/Gba... • All you have to do is deposit £1 and we both get a free share! • Freetrade free share • https://magic.freetrade.io/join/damie... • 🎬 Do you want to make videos like me? • The Gear I use: • Background: • https://amzn.to/3fO3ArL • Background stand: • https://amzn.to/2F9vhPo - Make sure you get the right size! • Tripod: • https://amzn.to/3iq8YmJ easily the best tripod I have used. Very sturdy. • Lighting: • I use this facing me directly, set to the lowest setting https://amzn.to/33Kscj5 • I light the backdrop with this: • https://amzn.to/2Dwz4pA • Audio: • https://amzn.to/2EmJeJ9 • Camera: I current use a Galaxy S10.. • The Visuals: • I use Storyblocks for all the sexy B roll. • The sounds: • Epidemic sound is where I get all my Music and sound effects – for a 1 month free trial click this link! https://www.epidemicsound.com/referra... • 📚 5 books to shape your financial future: • The richest man in Babylon: • https://amzn.to/33Icvsq • An engaging tale that teaches the fundamentals of saving and attitudes you should have towards money. I listen to this at least once per year. • A random walk down Wall Street: • https://amzn.to/31CXfud • Let Burton Gordon Malkiel, explain everything you need to know about trying to beat the market. • Rich dad poor dad: • https://amzn.to/2PHweQZ • There is a reason this features on all lists of the best books. You will walk away from this truly understanding the importance of income producing assets. • The Millionaire next door: • https://amzn.to/2Dth13B • I love this book because it destroys the conventional perception that all millionaires are one type of person. Read this and you will so realise being a millionaire is well within your grasp! • Green eggs and Ham: • https://amzn.to/33GIitX • Life changing

#############################

New on site