Lifetime ISA LISA Explained Complete Guide

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The complete guide to Lifetime ISA accounts known as LISA. • LISA accounts are special types of ISA Accounts that have a number of unique features and some unique restrictions. • You can save up to £4,000 per year into a LISA account and use it either to purchase your first home or as part of retirement planning. • The UK Government then tops it up by 25% up to a £1,000 extra cash and you can use a LISA that works like a Cash ISA or one that works like a Stocks Shares ISA to grow the value. • There are a few rules to be aware of when withdrawing the money - if you don't buy your first property or draw the money down after turning 60, you will have to pay a 25% penalty. • For buying your first home, the price of the property has to be £450,000 or less, you have to wait at least 12 months from making the first deposit before buying and you have to buy with a mortgage. • In the video I cover some other important considerations and useful things to know about Lifetime ISA accounts. • TIMESTAMPS • Introduction - 00:00 • LISA Rules - 01:06 • Buying Your First Home - 04:53 • Retirement Planning - 06:54 • ☕️ JOIN MY PATREON - DISCORD, BONUS VIDEOS, TARGET PRICES, MODELS MORE • / sashayanshin • 💵 GREAT INVESTING APPS I USE • GET A $10 BONUS WITH LIGHTYEAR (UK Europe) • https://lightyear.app.link/SashaYanshin • You need to use promo code Sasha and the bonus is awarded after your first trade. • INTERACTIVE BROKERS (Global - Main investing app I use) • https://bit.ly/ibkr-sasha • DISCLAIMER: Your capital is at risk. • DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you. • DISCLAIMER: (For Lightyear affiliate link) The provider of investment services is Lightyear Financial Ltd for the UK and Lightyear Europe AS for the EU. Terms apply: golightyear.com/terms. Seek qualified advice if necessary. Capital at risk. • DISCLAIMER: Trading 212 provides execution-only service. This video should not be construed as investment advice. Investments can fall and rise. • DISCLAIMER: I am not a financial advisor and this is not a financial advice channel. All information is provided strictly for educational purposes. It does not take into account anybody's specific circumstances or situation. If you are making investment or other financial management decisions and require advice, please consult a suitably qualified licensed professional.

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