LIFETIME ISA UK: PROS vs CONS Explained. 2022 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

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I'm married to Ken and we have two boys aged 6 and 4. I'm a Londoner, born in Hackney! :)

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I'm a husband, dad, and a FirstGeneration 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.

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★★ TIME STAMPS ★★

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 £20,000 Annual ISA Allowance?
8:40 Can Only UK Citizens Apply?
9:20 What Providers Offer Lifetime ISAs?
9:56 I’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 HelpToBuy 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)

★★ About this video ★★

The COMPLETE GUIDE to VANGUARD FUNDS Investing For Beginners UK

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Best, Mary and Ken Okoroafor

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