A Beginner Guide to Lifetime ISAs

The Lifetime ISA or LISA for short is one of the newest members of the ISA family and most commonly misunderstood. Let's look at the rules around a Lifetime ISA here in the UK and Some of the best providers that offer LISAs

There are only actually 15 Lifetime ISA providers here in the UK. So when selecting a LISA we are not exactly spoiled for choice… But the benefits are hard to ignore, The UK Government is willing to top up your LISA by 25% up to a maximum of £1,000 per year completely free as long as you follow some rules.

List of all providers:
someone in the comments correctly pointed out EQIs fee structure is very good. Worth checking out and doing your own research as I didn't cover them all.

LISA vs SIPP

Today we will cover:
What is a LISA
The rules around buying a home through a LISA?
When do I get my Lifetime ISA bonus?
What is the best Lifetime ISA

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🕑 Timestamps:
00:00​ - Todays Video
00:27 - Who is your fave Lisa?
01:37 - Not many Lisas
02:30 - What is a Lisa
02:56 - Who can use?
03:43 - When is the bonus paid?
07:03 - Cash or stocks?
09:20 - who should I use?
12:40 - Fees
15:40 - Who is cheapest?
17:30 - Who will I use?
17:57 - NO!

Disclaimer: Any information provided in this video is meant purely for entertainment purposes and does not constitute any form of recommendation, They are simply my opinions. If you want financial advice tailored to your circumstances please consult with a licensed professional.

[zachbaxter]

It’s going to be hard to go past Lisa Ann! 😂

[kishangotswag]

Mental how you're able to keep these videos informative but entertaining to watch. You're killing it Damien!!

[fleeyon]

Been binge watching your videos all day. Thank you for being so upfront and informational mate

[ryanmitchell]

i have to say, i love these videos, you're the main reason i'm now a beginner investor with vanguard. i didn't even know there was 2 different types of lisa's until now its mad. your content is great and its very easy to follow!

[connorc]

A great video, as always! Very informative, very entertain and everything explained in a way that is easy to follow. Thank you for your time and effort making your videos, quickly becoming my favourite YouTube channel!

[richardmoore]

Well done Damo, another great video. Great content and edit too. Appreciate you’re flat out working at the moment so that’s for your effort!

[sexyjoexl]

New subscriber and by the regular 🌧 skies in Glasgow you made this so simple. Been trying to start a Lisa, Isa and crypto strategy for weeks and this has made it easier for me to look at long term short term strategy. Thanks Carol. 😅👍🏾

[RhysMood]

You're actually great. Literally a super helpful channel. this is be way bigger!

[JagOnline]

the perfect mix between entertainment and finance

[creatingbalancefinance]

You've done it again! Super entertaining and interesting. Nailed it!

[jasonburden]

Thank you Damien, I'm really glad that I found your videos, they're clearly explained and funny! I've now made the decision to open up a LISA with HL!

[lukasg]

Thank You, Thank You, Thank You!! After 1st video about LISA or Lisa, I mention this to my daughter. She managed to open LISA(with my help) and put all 4K in this tax year. So Thank You much for this info!
This video, as always great inside to LISA or Lisa with a great laugh. Thanks M8.

[ivanahappiness]

Hi Damien! Brilliant video again, very informative and funny. And I liked singing too 😃💃I look forward to your next video every time. Well done 😊👏

[MrJoeTheSkater]

I’m very happy I’ve had a help to buy vs the Lisa, great video as always man 👏🏻

[EdsFinanceCorner]

Every video from now on needs more singing mate, beautiful stuff - laughed out loud at some of the editing in this!

[medley]

This video is both informative and hilarious! Thanks for the great content I literally LOL’d half a dozen times. Keep them coming! Nooo 🎶

[TheWellnessAbbey]

Can't wait to dive into this video! My cash LISA has just been sitting there since buying my house, so I'm now ready to switch to a S&S one and start raking in the 25% interest 😃. Like you I'll be putting a bit into that each year but most of my investing money into my S&S ISA.

[chrayu]

Great video! Well summarised and great delivery of jokes into what is an otherwise dry topic.

[davenoble]

Great video mate! I was looking at opening a Lisa this coming Financial Year and this has helped give me a steer for starting! Great work as per mate! Noooo 🎼🎤

[ElliotCoen]

Another great video pal! Very good timing for this topic