What is an ISA (UK Tax Free Account) | Investing for Beginners

ISAs explained! All you need to know about ISAs (individual savings account) for earning a tax-free return on your money. There are 5 ISAs available: Stocks and Shares ISA, Cash ISA, Lifetime ISA, Innovative Finance ISA, and the Junior ISA. All the ISAs are covered in this video.

GET 10% OFF FEES FOR LIFE BUYING AND TRADING CRYPTO ON THE WORLD’S LARGEST EXCHANGE
*Referral ID is JV4OPZV8 – enter this when signing up*

GET $40 IN BITCOIN FOR SIGNING UP TO CELCIUS (APP FOR EARNING INTEREST ON YOUR CRYPTO)
*Referral ID is 111721286c – enter this when signing up*

GET A FREE SHARE WORTH UP TO £200 USING FREETRADE:
*Sign up using the link above and make a deposit to redeem the free share*

Disclaimer: All ideas presented within this video are that of my own based on my own opinions. Please do not consider any of these videos as financial advice as I am NOT a financial advisor. All financial decisions and choices made are solely your responsibility. The views shared in this video are just for entertainment purposes only.

[Mintzik]

Super helpful, though lost it at 'hypothetical 30 year old with £20k to save' *sobs in bad wages*

But this has been much clearer as a beginners guide than most other places I've looked. I wish we were taught basic finance and savings in school, I'm approaching my mid-thirties now and have lost so much time due to lack of info. Once I'm in a place to start saving more than random tiny amounts here and there I'll definitely be looking at these.

[ybbgraphicdesign]

Great video!

How do I open the lifetime ISA account?
Can it be on any platform (such as trading 212?)

[aquahydroman]

So If i get close to earning £2000 a year in dividends, transfer some of the stocks into the ISA

[mohammedrahman]

So can you pay £20k every year into your ISA without incurring tax?

[tiaquino]

Bro you distracted me from Osrs gp sub picture.

But, would you recommend starting off with stock and share isa for beginner? I already have savings account with lloyds bank

[thenewbieinvestor]

So no matter how much gains one makes from stocks and shares in an ISA account, you won’t get taxed?!

[pllwpwt]

Does contribute in isa account, make the amount non-taxable??

[Your_own_Music]

So anybody can just put £20k in a isa account every year? How much do you have to earn?

[mrquickogaming]

How does it work about withdrawing money from a stock isa? Does it have to be in for certain period of time as could you instantly make a big profit