ISA Explained for Beginners: Everything You Need to Know

UK ISA's EXPLAINED! (Cash ISA, Stocks and Shares ISA, Lifetime LISA & the Innovative Finance ISA) And how YOU can use them to build wealth

Are you looking to save money to set up for your future?
Maybe you already have a savings account but those savings aren't growing how you hoped, leaving you feeling frustrated. I hear you!

Well i'm here to tell you that by using a UK ISA you can save a tonne of money AND can even get some free cash from the government in the process

In this video I cover all of the types of Individual savings accounts(ISA's) available, Including:
Cash ISA
Stocks and Shares ISA
Lifetime LISA
& the Innovative Finance ISA

You might be wondering how an Individual Savings Account can work for you, or what the difference between the each different type is?
Maybe you have looked into ISA's already and lets face it, a lot of advice out there is super boring and often totally confusing

I know, I get it! The topic of UK ISA's can seem super intimidating and many people are left confused on where to start
I'm here to show you how you can use an Individual savings account to build long term wealth TAX FREE (Yes you heard me!)

I will take you through each of the main ISA types, explaining what they are for, how you use an ISA AND I will give insight into how I personally structure my own ISA's for maximum effect and optimum wealth growth

Sound good? Great! Then watch this video, and start YOUR positive personal finance journey

🔴 Subscribe for more no bull information on finance:    / @damientalksmoney  

🕘Timestamps:
0:36 What is an isa?
1:13 Tax wrapper explained
2:19 Current tax levels
5:30 Cash isa
7:25 Stocks and shares Isa
9:46 Isa contribution limits
11:55 Lifetime Isa LISA
15:53 Innovative finance ISA

📎 Links from the VIDEO
General Info
Government website providing information and up to date allowances for all UK isa types
https://www.gov.uk/individual-savings...

Cash ISA
1. Which article listing different types of Cash isa
https://www.which.co.uk/money/savings...
2. link to Comparison site
https://www.comparethemarket.com/savi...

Stocks and shares isa
Here are the two i have used.
Vanguard are an american company HL (Hargreaves Lansdown and based in the UK) I switched from HL to Vangard as their ISA is slightly cheaper.
https://www.vanguardinvestor.co.uk/
https://www.hl.co.uk/

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