Lifetime ISA (LISA) account is a great way for first time buyers to boost their savings for buying their first home or it can also be used for saving towards retirement. LISA account gets you 25% bonus (up to £1,000) from the government.
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This video will be part of a property buying series so please also check out the other videos on my channel.
HOW TO SAVE FOR A SALARY ON A £24,000 SALARY - ua-cam.com/video/a6uKYkU-Rgc/v-deo.html
HOW TO BUY A HOUSE IN UK - STEP BY STEP GUIDE - ua-cam.com/video/n989U1oYA6E/v-deo.html
TOURING A 4 BEDROOM NEW BUILD HOUSE - ua-cam.com/video/NdOq_MAWL58/v-deo.html
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TimeStamp
00:00 - Intro
00:23 - What is a Lifetime ISA account
01:11 - Eligibility Criteria
01:25 - Pros of Lifetime ISA
02:30 - Cons of Lifetime ISA
03:30 - Bonus Tip
04:13 - Lifetime ISA account for Retirement
05:45 - Where to Open a Lifetime ISA account
Disclaimer: Please note that I am not a financial advisor therefore this video should not be construed as financial advice. Also remember that regulations regarding LISA in the UK could change therefore it is advisable to do your own research.
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