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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 - • Armed Forces Pension Schemes For Squaddies Investing For Beginners – • Investing for Beginners: Essential Tips fo... Compound Interest Explained – • Compound Interest Explained Funds Explained - • Mutual Funds, Index Funds and ETFs Explained How to achieve financial freedom using a military career - • How to Retire Comfortably After Your Milit... 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 - https://www.moneysavingexpert.com/sav.... ISAs - https://www.moneysavingexpert.com/sav... ISAs - https://www.wesleyan.co.uk/savings-an... Cash ISA - https://www.moneysavingexpert.com/sav... Help To Buy ISA - https://www.moneysavingexpert.com/sav... Lifetime ISA - https://www.moneysavingexpert.com/sav... Stocks and Shares ISA - https://www.moneysavingexpert.com/sav... Junior ISA - https://www.moneysavingexpert.com/sav... Dividends - https://www.gov.uk/tax-on-dividends Capital Gains Tax - https://www.gov.uk/capital-gains-tax 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.