Lifetime ISA Explained | First House or Retirement? #Shorts
Channel: Financial Madness
Date: 2021-02-12

Lifetime ISA's was launched by the UK government back in April 2017 and was introduced to serve two purposes:
1. Help first-time buyers purchase their first property.
2. Help individuals looking to save a pot for retirement.

The key benefit of having a LISA Account is that the government will contribute 25% of your deposit (up to £4000 per tax year).  This means you can earn up to £1000 COMPLETELY FREE every year from the UK Government. In this video, I talk you through everything you need to know about a LISA , so you can make an informed decision on weather opening an account is right for you.

#Shorts