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LIFETIME ISA UK PROS vs CONS Explained COMPLETE GUIDE 2021


The Lifestyle

LIFETIME ISA UK PROS vs CONS Explained COMPLETE GUIDE 2021

Date: 2021-03-30 20:03:47

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LIFETIME ISA UK: PROS vs CONS Explained. 2021 Complete Guide To Open a Lifetime ISA. We answer ALL your questions and give you the Pros & Cons of the LISA for First Time Buyer and also if you’re using it for Retirement Planning. Jump in the comments and let us know your Lifetime ISA questions šŸ˜€

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ā˜…ā˜… WHAT TO WATCH NEXT ā˜…ā˜…

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ā˜…ā˜… LINKS MENTIONED IN THIS VIDEO ā˜…ā˜…

Pensions vs ISA video – https://youtu.be/BX5ZnFqW3F0

Investing for beginners video – https://youtu.be/u4n8f-YL5_I

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ā˜…ā˜… ABOUT US ā˜…ā˜…

MARY:

I’m married to Ken and we have two boys aged 6 and 4. I’m a Londoner, born in Hackney! šŸ™‚

Day to day, I run the operations of The Humble Penny as a creative – doing everything from marketing to video editing. I studied Multi-media design and technology at Uni.

When I’m not creating, I love vegan food, travelling, working out and doing some outdoor fun things with my husband and kids šŸ™‚

KEN:

I’m a husband, dad, and a First-Generation Immigrant to the UK. I started life poor in the UK and I’ve spent the last 20 years on a steep journey of Personal Development.

Former CFO with over 12 years experience in the investment business. I’m also a Chartered Accountant and hold an MBA from Cambridge University.

To explore my creativity, I’m a blogger and YouTuber by night. I create from my experiences as a family man and entrepreneur.

I have a passion for all things Financial Education, Business and Personal Development. I also love Photography, Music, Travel, and Sport.

We became Financially Independent aged 34 and our story has been featured on the BBC, Mail Online, Channel 5, Metro, etc.

We share content to inspire and teach others how to achieve Financial Independence and Freedom too šŸ™‚

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ā˜…ā˜… TIME STAMPS ā˜…ā˜…

0:00 – Intro
1:24 – What is a LifeTime ISA and What Benefits Do You Get?
3:18 – Why Apply For a LifeTime ISA?
3:40 – From What Age Can You Apply?
4:55 – What are the Types of LifeTime ISAs?
5:44 – What is the Penalty For Taking Money Out of the Lifetime ISA?
8:10 – Does The LifeTime ISA Form a Part of Your Ā£20,000 Annual ISA Allowance?
8:40 – Can Only UK Citizens Apply?
9:20 – What Providers Offer Lifetime ISAs?
9:56 – Iā€™m Currently Living Overseas. Can I open a Lifetime ISA?
10:23 – If You Opened a Lifetime ISA and Moved Abroad, What Happens To Your Money?
11:42 – Can You Have a LifeTime ISA and other ISAs at the same time?
12:10 – Can you hold a LifeTime ISA and a Help-To-Buy ISA at the same time?
12:28 – Are my Savings Protected In A LifeTime ISA?
13:25 – When Can You Take Money Out of a Lifetime ISA without a 25% penalty?
13:51 – PROS For Lifetime ISAs For FIRST TIME BUYERS
16:07 – CONS For Lifetime ISAs For FIRST TIME BUYERS
16:43 – PROS For Lifetime ISAs For RETIREMENT SAVINGS
18:45 – CONS For Lifetime ISAs For RETIREMENT SAVINGS
19:18 – When a Pension is Better than a Lifetime ISA
21:37 – Question for reflection (Please Comment)

ā˜…ā˜… About this video ā˜…ā˜…

The COMPLETE GUIDE to VANGUARD FUNDS Investing For Beginners UK

Massive thanks for watching and following our channel šŸ™‚ ā™„

Best, Mary and Ken Okoroafor

NOTE: For FULL Transparency, some links above may be Affiliate Links. We do NOT offer Financial Advice.

#investing #lifetimeISA #LISA

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