This is very well broken down. I’ve been watching videos on this to get an answer to a question and I never got to find until I stumbled on ur video and it was answered within your first few statements. Thanks a lot.
Lovely content...Sorry Chidera I just wanted to chip in that for the life time ISA you must not be up to the age of 40 so the threshold is actually age 39
Dera please I have an important question. This is August 2024 and as a family we want to buy our first house by May 2025 . If we open the Life Time ISA account this month, would we still qualify for the 1k pounds if we put 4k this month? It won’t be up to 12 months we opened the account by May next year. That’s why I’m asking
If open Lisa in aug 2024 ,you can withdraw money only in aug 2025 . Yes you can receive 1000 pounds if you deposit 4k before tax year ends in April 2025. Hope this info benefits you.
Hi Chidera Well done I want to ask if Cash ISA with plum has age limit? And again I want to ask if this Cash ISA with plum attract monthly interest rate or annual interest rate of 5% ?
This is very well broken down.
I’ve been watching videos on this to get an answer to a question and I never got to find until I stumbled on ur video and it was answered within your first few statements. Thanks a lot.
Thanks for watching. Glad to know it was helpful 🫶🏽
You are really good, explained everything very clearly.
Thanks Chidera
Glad it was helpful!
Thank you for sharing value as always ❤
My pleasure 🙏🏽✨♥️
Hi Chidera
once again thank you for this useful information to be financial independent.
Thank you for the clarity,using cash ISA on plum is it safe compared to using street banks
Hi Gloria, yes Plum ISA is FSCS protected
What if you buy the house with the funds from your LISA but after a while you’d like to move out and rent it out for one reason or the other
Lovely content...Sorry Chidera I just wanted to chip in that for the life time ISA you must not be up to the age of 40 so the threshold is actually age 39
First here ❤🎉
Yay! Welcome back ♥️♥️
Dera please I have an important question. This is August 2024 and as a family we want to buy our first house by May 2025 . If we open the Life Time ISA account this month, would we still qualify for the 1k pounds if we put 4k this month? It won’t be up to 12 months we opened the account by May next year. That’s why I’m asking
If open Lisa in aug 2024 ,you can withdraw money only in aug 2025 .
Yes you can receive 1000 pounds if you deposit 4k before tax year ends in April 2025.
Hope this info benefits you.
What high interest savings account do you use please ?
Hi 👋🏾 it’s 4.94% but the cash ISA I use is 5.17% . You can open an account here prf.hn/click/camref:1011l3Tbxs
First here😊
😂 good to see you here
Hi Chidera
Well done
I want to ask if Cash ISA with plum has age limit?
And again I want to ask if this Cash ISA with plum attract monthly interest rate or annual interest rate of 5% ?
Hi 👋🏾
There’s no age limit for opening a Cash ISA
The 5% is AER so that’s annually but you’d get paid interest monthly
@@ChideraPeters, thanks for the enlightenment. So, can one get the entire money put into this cash isa back in less than 12months?
I think there is a new regulation that you can now open more than one Cash ISA for a tax year
Yes you can have multiple ISA accounts as long as they all stay within the £20,000 yearly limit
😮🎉
❤❤❤