Understanding the Lifetime ISA: A Beginner's Guide (UK LISA)

In this video, we provide a beginner's guide to the Lifetime ISA (LISA) in the UK. If you're new to the LISA or considering opening one, this video is perfect for you.

We start by discussing what a LISA is and how it works, including the benefits and potential drawbacks. We also cover the eligibility criteria, contribution limits, and the different types of LISAs available.

Next, we dive into the investment options for a LISA, including stocks and shares and cash savings, and what you should consider when choosing an investment strategy.

We also explore the penalties and charges associated with early withdrawal or using the funds for a purpose other than buying your first home or saving for retirement.

Finally, we wrap up with some tips and advice on how to make the most of your LISA, including how to choose the right provider and how to monitor and manage your investments.

Whether you're a first-time investor or simply want to learn more about the Lifetime ISA, this video has everything you need to know to get started.

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0:00 - Introduction
0:27 - What is a lifetime ISA?
0:54 - Who can use a LISA?
1:30 - What are the different types of LISAs?
2:40 - How much can you earn from a LISA?
3:46 - Common Mistakes to Avoid

[samueltaylorfinance]

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[dylanprocter]

Just came across this video and it’s the only video that’s made me understand the LISA. Great choice of words for explaining this difficult process thats millions in the uk don’t understand

[Shay-Shay]

Amazing video, very well articulated. Thank you! :)

[wawrstudios]

Great video Sam - As a student in the UK, this video really helped me understand the concept. Keep up the good work 🤝

[xbrlwtj]

Hey! Loved this video - perfect for novices like me who don’t know much about this kind of stuff. Just subscribed but realised you haven’t posted much else!

[Cowley]

Nice video man, you'll be gaining subscribers in no time once the algorithm catches onto you. Keep it up!

[qwantex]

Seeing that video on the Pension, LISA and ISA would be really great - it's alot easier to understand knowing people the same age 👍

[Rasil]

Nice video mate. Thanks for the details!

[NurseSonia]

Thank you for this informative video about LISA i am somehow more familiar with this now.

[am]

I love this, I am 19 Years Old, and see a young individual like you also intrested in Financal literacy is a joy, thanks for the knowledge. Would love a video on Index funds or SIPP.

[samupton]

A video on the stocks and shares isa would be amazing mate, clearest video on the topic I’ve ever seen 👍

[laylah]

Would really appreciate an indepth video on S&S LISA and recommendations 🙏

[malgorzatamiturska]

Thanks for your video Sam. A couple of questions please.
1. When someone buys their first house with LISA money, is there a time limit on when they can sell it again?
2. Would my twins both be able to use their individual LISAs to buy a house together?
Thanks

[jeffnarweh]

Really great video! When will you release more! 😅👏🏾

[xpianox]

Does a stocks and shares Lifetime isa count as stocks and shares type or lifetime ISA?

[Nikwadhwadxb]

Quick question: what if your parent dies before you get to ever use your ISA(considering they’ve left your family a residential property in say Dubai)

[ritar]

Do you have to put in money compulsory every year???

[chetzh]

Hi Sam,
If I was to invest in a cash LISA with Moneybox and the highest paid bonus, how much money would I make in a year ( also adding the government 25% ).

Reply asap OR any 1 that nows this info. Thanks much appreciated.

[SaczzLogics]

ISA seems like long term game, pretty long term. but anyway i'm Shubh also know as sazz, you contacted me over fiverr yesterday . let me your short and long term vision of this channel

[chetzh]

Hi Sam, please I would like a dedicated video on Stcoks and Shares LISA. THANKS BRO