Understanding ISAs: A 2024 Guide for Over 40

Our last video about Lifetime ISAs, we got a lot of questions from people above 40 years who said, what about me? What's going to happen to me if I cannot get the lifetime isa? Is there anything else I can assess? Well, the good news. The good news is yes, actually. So there's a few options to think about. One is the Cash isa. The cash ISA is an ISA that you can actually use to save money on. Whatever interest you get is tax free. So the Individual Savings Account Cash ISA is not an investment. You can just put in your money there. That's a good place to save your emergency fund. Two is the stock and shares, Isaac, which I, I quite like because it allows me to invest in the stock market up to £20,000 every year without being taxed on any gains I make or any dividends. So if you're above 40 and you cannot get the lifetime ISA, you need to think about these options and take the best advantage of them. Of course, if you found this video useful and you like to have more content come your way of subscribe, just, just subscribe and then smash that, like, button.