Individual Saving Accounts or ISA Explained

Individual Saving Accounts or ISAs are a way to save money and earn interest tax free here in the UK. There are many different types of ISAs ranging from cash ISAs, lifetime ISAs, junior ISAs, innovative financial ISAs to stocks and shares ISAs.

Each of these have different requirements and rules which can be confusing and hard to keep up with. In this video, I explain everything you need to know about each of these ISAs, from the £20,000 yearly ISA allowance to how the penalty fee works for withdrawing money early from a lifetime ISA.

Links:

Armed Forces Pension Scheme For Squaddies - [ Ссылка ]
Investing For Beginners – [ Ссылка ]
Compound Interest Explained – [ Ссылка ]
Funds Explained - [ Ссылка ]
How to achieve financial freedom using a military career - [ Ссылка ]

Timecodes:

0:00 Intro
0:22 What is an individual savings account or ISA?
0:59 How does an ISA work?
1:59 What type of ISAs are there?
2:14 Cash ISA explained
2:42 Help to Buy ISA explained
4:05 Lifetime ISA/LISA explained
8:47 Stocks and shares ISA explained
11:14 Innovative Finance ISA explained
11:53 Junior ISA explained
13:17 Why should you transfer your ISA?
14:25 Final thoughts
15:25 Outro


Sources:

Personal Savings Allowance - [ Ссылка ].
ISAs - [ Ссылка ]
ISAs - [ Ссылка ]
Cash ISA - [ Ссылка ]
Help To Buy ISA - [ Ссылка ]
Lifetime ISA - [ Ссылка ]
Stocks and Shares ISA - [ Ссылка ]
Junior ISA - [ Ссылка ]
Dividends - [ Ссылка ]
Capital Gains Tax - [ Ссылка ]


DISCLAIMER:
I am not a professional financial advisor and this video is not financial advice. Please do your own research before making any decisions with your money and seek professional financial advice if need be.

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