Not Financial Advice The tax year

@gradjobgenie

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Promoted product

Lifetime ISA

Tax free saving for your first home and later life: what is a LISA, who can apply, 25% government bonus, withdrawal charges.

6 videos5 creators

Why it worked

The video capitalizes on a timely financial deadline (end of tax year) and offers a clear, tangible benefit (free money from the government) for a common goal (buying a first home), making it highly relevant and shareable.

Summary

The video explains the UK's Lifetime ISA, highlighting that the tax year ends on April 6th, giving viewers a limited time to open one. It details how users can save up to £4,000 annually and receive a 25% government bonus, up to £1,000, which can be used for a first home purchase or retirement.

Structure

1Tax year deadline reminder
2Introduction to Lifetime ISA
3Personal benefit and savings potential
4

Original caption

A UK Lifetime ISA really helped me buy my first home 🏡 or it can be used for retirement too 💸 You can save up to £4,000 each tax year and get a 25% government bonus, up to £1,000 for free every year there are rules and penalties if you withdraw early, so make sure it actually fits your goals and you are aware of all the terms and conditions before opening one This is not financial advice, just sharing my experience #firsthome #propertyinvestment #isa #savings #PersonalFinance

More from @gradjobgenie

Product placement

Lifetime ISA (acts: a savings account that allows users to save for their first home or retirement, with a government bonus. Removing it would change the video's topic and advice.)

On-screen text

*Not Financial Advice* The tax year Ends on Ends on April 6th. That means you've only got a couple of weeks to open a Lifetime I'm I'm a massive fan of the Lifetime For For me personally it meant that I was able to save for With With a Lifetime ISA you can save £4,000 every tax And if And if you put in the full £4,000 the government the government give you a 25% the government give you a 25% top up, up to £1,000. So that means you could you could be getting £1,000 you could be getting £1,000 for free from the government. This is This is perfect if you're trying to buy your first house. The lifetime ISA The lifetime ISA can be used to purchase your first home or for And And as long as you are over the age of 18 you can open This This is a really easy way to allow you to save for to allow you to save for your first home with your first home with that added government bonus.

Transcript

The tax year in the UK ends on the 6th of April. That means you've only got a couple of weeks to open a Lifetime. I'm a massive fan of the Lifetime. For me personally, it meant that I was able to save for a house deposit. With a Lifetime ISA, you can save 4,000 pounds every tax year. And if you put in the full 4,000 pounds, the government give you a 25% top up up to 1,000 pounds. So that means every tax year you can be getting 1,000 pounds for free from the government. This is perfect if you're trying to buy your first house. The lifetime ISA can be used to purchase your first home or for retirement. And as long as you are over the age of 18, you can open one today. So this is a really easy way to get benefit from a to allow you to save for your first home with that added government bonus.