What is a Lifetime ISA? | LISA Explained

In this video, What is a Lifetime ISA | LISA Explained, I explain what a Lifetime ISA is and how you can use it to make free money. A Lifetime ISA is a savings account that allows you to save for your first home or retirement. The best part is you can get a 25% bonus on your cash. The 25% government bonus is one of the best things about a LISA. I break down everything you need to know and let you know how you can open a Lifetime ISA today. I explain how the Lifetime ISA account gives you free money and what this looks like. I go through all the pros and cons of the savings account so you can choose if it is right for you.

Enjoy!

Lifetime ISA Accounts
Unity Mutual Lifetime ISA

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Disclaimer: This content is for educational and entertainment purposes only. This description may contain affiliate links that allow you to find the items mentioned in the video and support the channel at no cost to you. These are products that I know and use. All opinions are my own.

[yasinnabi]

WOW an awesome and wonderful channel, great contents. keep up the good work !...

[dreamingwide]

Really looking forward to your own LISA review video! If I may, I just have a few questions:
1) Regarding LISA transfers, I read an article online mentioning how only 13 banks were supporting LISA and that several weren't allowing transfers due to the complexity of the LISA. Do you know if that is still the case?
2) When I read about LISA's being used for home purchasing, it also had the condition of the house having to be bought using a mortgage and that process having to go through a solicitor. I'm a foreigner so just wanted to know if this is normal standard?
3) Do you think a LISA + a fixed bonds saving account would be a good choice for someone wanting to save for a home purchase?
4) I didn't know LISA's also had interest, what would be a good interest on a LISA? My 1 year fixed savings account is 1.33% AER, would it be a similar value?

Sorry for bombarding with questions, I just like your content and would love your thoughts! (if you have the time of course!)

[taggthis]

Would you recommend this product over a year one in your opinion?

[savannahrandall]

Would you have to have a full time job to get a lifetime ISA?

[beancadelacruz]

Can i use my lisa for buying my first home then contiue that account to use my lisa for retirement?

[SGTcrackey]

Is it best to open up a lifetime isa now or wait for offers after this tax year?