How to Protect Your Money from Tax. Watch before April 5th!

[@De5tr0yer]

Honestly this is the best video I have come across explaining what an ISA is and does. No jargons or complicated accounting terminology which the average Joe does not understand. Kept it very simple and detailed.

[@Pjay04]

Nisha 1M sub, I remember a few yrs back watching a video of yours talking about moving roles outside your current company to boost your earnings. You've done amazing; you are a great role model. Keep up the Great work.

[@papafiob]

One of the best & easiest to understand videos I’ve seen on ISAs. The visuals were spot on👌🏿

[@richard99cookify]

Congratulations on 1 million Nischa, wonderful achievement.

[@markwells5781]

Nearly 1 million subscribers 😮. Keep up the excellent work 👏

[@mode4480]

That was literally the best explanation I have ever had the pleasure of watching! I now understand ISA's which believe me is not a small achievement, thank you for an awesome video.

[@LBelacquax]

I'd be really interested to hear about the Junior ISA! I'm thinking of opening one for my friend's child when they're born.

[@lakesnlawns222]

Although this is UK-specific, I still watched the video. Much love 💕 from Canada 🇨🇦

[@nemo82mi]

Thank you for this video. I have opened the cash ISA with the bank but never understood properly. But now I do and I know what I will do next. Thank you!

[@Pjay04]

she is great at explaining right

[@sisawilson5061]

Thanks for making this easy to understand. Best video ever on isa I have come across.

[@kaxar6954]

I have to wait until after April 5th because I am already contributing to a managed stocks and trade ISA. But I will open another DIY stocks and trade ISA on April 6th. Can't wait to try picking my own investments and fund both ISA accounts.

[@sahidul]

Worth mentioning LISA are restricted to houses worth upto £450,000 - unrealistic for London

[@londongirl891]

She did mention that.

[@Babavose]

She mentioned that & you’re right it’s not effective or realistic

[@SBvice]

worth watching the video and actually listening to what she says

[@IdaMagdalenova]

I would love a video about Junior ISA. Love your content!

[@darrenb1522]

Toby Newbatt has recently released a video on the best value JISAs. In short HL provides a fee free JISA (only pay the fund fee), Fidelity do too but only fee free for funds. As for whether you want to invest in a JISA, it's important to note that it is fully in the child's control from 18 and most people.arent money mature at that age.

[@Peter_Holder]

thought all ISAs were the lock away and you can never touch kind, but now Im going to look into the easy access option - which makes most sense for me at the moment. Thanks Nischa

[@thescienceofwellbeinguk]

A great breakdown of the main takeaways from an entire book I read on investing xx

[@abraham6671]

This young lady has all the answers about money Lovely!

[@goldbrick2751]

The BEST video on ISA, I am going to open one right now.

[@rocioadrianaaguirre5453]

thank you very much for this video Nischa, I few days ago I was wondering where to put my money for investment, you have gave the answer

[@NikitaKumari-m8d]

Excellent ma'am

[@ndikakazero2950]

Thank you, very well explained using simple terms even children can understand.

[@4ndy123]

Another really informative video. Are you able to do a video regarding tax rates (higher) and ways to avoid paying the extra tax. Eg. More in pension etc in a previous vido you said you jusy scratched the surface.

[@kennedyumeigbo1173]

Keep up the fantastic content Nischa!

[@sugarray29]

Thank You, very well explained 💯👏🏽

[@fqlynx]

As per always, very useful content. Thanks Nischa.

[@hunterandchavy]

ISA , 401k all the same way for tax savings or protection. The problem with finance is so convoluted and complicated for no reason. All these terms and semantics are “tax codes” is the best way to understand these names is that it is a label 🏷️. I have been a little bit late ⏰ into the investing game. I started contributing to my employer IRA at the age of 26. Not too late but I am glad I started investing as the slow and steady method is what I am using. Thanks Nischa

[@stuartcowan3576]

My son & I would love it if you did a video on junior ISAs please!

[@SA-ti2jt]

If only there was something like this for the Australian market as well… the video I mean, absolutely top notch!

[@sfariha1]

Your content is very well informative and insightful thank you Nischa! 😊 I’d be keen if there could be related content specifically covering on first time buyers property home vs renting outlook in 2024 hopefully. 🤞🏼

[@MegaCaptain]

Thanks for this. I thought the tax free limit on earning interest was much higher than 1k. I double checked and March's interest payment put me just over, so will only be paying a small amount of tax. But it did prompt me to open an isa this morning and put in the max. After April 5th I will be able to transfer the max again and then most of my savings will be earning tax free interest.

[@annaboriesa]

This is one of my concerns. So I can put 4K max into my LISA before April 5th and after that date, can I put another 4k the same year? I get confused with that part.

[@MegaCaptain]

@annaboriesa The max amount you can transfer into an ISA is 20k per tax year. If you have transfered that max amount, you can transfer money out, but no more can be transferred in until the next tax year.

[@annaboriesa]

@@MegaCaptain What understood is that you can put no more than 4K into your LISA per financial year. 20K was the total amount you can put in all your ISA overall. (4k LISA + 10K S&S ISA + 6K Cash ISA = 20K)

[@MegaCaptain]

@@annaboriesa I have only one ISA. A loyalty cash ISA. So this is all I am basing my info on.

[@samkusi1001]

Thank God for Nischa.

[@GazuntaiWorld]

Another great video Nischa. Please make a Junior ISA video. This is the ISA that confuses me the most.

[@kenroyforte6175]

Works similar to a normal ISA but you can only input £9000 er year per child

[@MarkEdward2]

As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[@milkiways1]

This is very simple and easy to understand!! Can you make such informative videos for Canada? I believe there are a lot of videos for the US, but they sound too complicated. So, please explain those simply like you did for the UK.

[@anamariahuluba]

Hello, Nischa! Thank you for the informative video. Could you please consider making a video about a junior ISA? It would be greatly appreciated :)

[@johnangusgraham6822]

Junior ISA explained would be good.

[@Pjay04]

Please make use of your ISA allowance its fantastic way to PAY less TAX. Very easy to open.

[@FlorjonKoci]

the only other thing worth mentioning is that if you are high income earner the LISA is not really worth it. It is better off in pension schema, because you would save 40% on your money pretax rather then gaining that 25%.

[@chrisschepers6025]

Thanks for this valuable info Please could you also make a video for the Junior ISA. 🙏

[@Cryptohogg]

Gold sovereign Coin is the best for saving no Tax, no Capital gain. You just need to pay for storage fee for a safety deposit box. Gold was change to tire 1 store of values by the world bank.

[@rikiandov17]

Excellent video thanks.🌹 Is there any way I don't get taxed on my pension if I want to enjoy it abroad?

[@JaniceT-x7c]

Love your videos! Would love to hear what’s the best way to invest after you have maxed out your ISA and pension.

[@Imegaification]

This is brilliant! Would you be able to talk about the other types of ISA too?

[@i.Aftab_]

Please can you make a video on SIP. What are they and how are they used for savings on Tax and pension planning. thanks

[@firstspar]

yes great idea, hope this video comes.

[@martinregular5003]

Love it, super informative and put it simple 😊

[@18pengboy]

great video once again 👍👍

[@lazospodcast]

Love this super super informative!

[@TM-vg4mx]

i did not understand, when you said you can take you money out but you can put it back again? I thought once you take it out you cannot replace it?

[@crunchingwithcris]

Yes please 🙏 can you do another video about Lisa 😊

[@faiza285]

Can you make a video on Canadian tax

[@PavJedrusiak]

Excellent video - thanks!

[@negoforex8534]

I wish we had this in Germany. Instead, we get the f*ng "Vorabpauschale", which essentially means that you get taxed on the value increase of your securities before you even sold them.

[@joycevictor3356]

How to open a stocks and share ISA please,it was a very useful video 🙏

[@rainexyung1577]

Hi Nischa, how do you explain the £20,000 when completing your Self Assessment

[@DrConfusedFella]

Thank you for this explanation

[@Rashid9127]

This was good information, Keep it up

[@ark.1424]

that a great thing in UK! I wish I could use it

[@Ab4dd0nsLink]

How do you protect your money from banks?

[@alletrevlac9231]

ok but...if I don't have £20k to invest before April 5th 2024 (10 days time) then I don't need to worry about rushing to open an account in the next 10 days?

[@Mayah862]

Could you do a series of SIPP and Junior SIPP? And which is better? An SIPP or a Stocks and Shares for example? Thank you xxx

[@NSingh-tb2jf]

Really useful video. Thank you 🙏

[@rftng3319]

Thanks for the details ! Is there any good CASH ISA choice or which one to avoid?

[@Archangelnbt]

Hi Nischa, thanks for an astounding video. However, I'm still confused as to where do I open up my ISA account? Is it with moneybox? Or nationwide? How do I know where to start off with...

[@yaslynsahota]

I never knew isas are tax free. Nobody tells u this. Thank u for sharing

[@Andy-si1pl]

Literally everyone is talking about this since the pandemic

[@yaslynsahota]

@@Andy-si1pl well nobody told me until now

[@SidikaTuncCandogan]

Could you please share your thoughts on InvestEngine’s Self Invested Personal Pension? Thank you😊

[@DavidD-lz7gu]

Question, re tax allowance, what if you do not pay tax. Is the tax free allowance £12,570 + the £1000 on unearned income?

[@naweedipad]

Excellent video. Can you please make a video on Junior ISAs?

[@nabeelahmed1764]

Very imformative. Will wait for detail video. Thanks.

[@SaintOrCinema]

For the LISA, was the age of 60 just an example? Because I think the age of retirement is currently a few years older than that. And YES to the videos on Innovative Finance ISA etc! Thank you! X

[@chrisriddell2800]

it is literally 60 years old bang on for a Lifetime ISA before you can withdraw without any penalties. Quick google search to confirm…

[@tajjammulhussain]

May I pls ask which software you use create animations in your video ? Like the explainer text that appears on screen ?

[@AnnaPoli800]

Hey Nischa I love your channel! Would you recommend ISA to those planning to retire abroad? As you cannot transfer the ISA funds abroad without them being taxed . I really want to build an IsA but feel very confused due to that.

[@sagarikaoceania]

Thank you. It is very helpful. Could you kindly make a video on Junior ISA. Thank you so much.

[@fepatricia9045]

If you're English but have residency abroad can you open an ISA accounts in the UK?

[@tanlinda80]

Does anyone have any ideas? Thanks

[@esco.letsgo]

And the ‘help to buy ISA’

[@markturner6755]

No longer an option unless you already have one.

[@esco.letsgo]

@@markturner6755 was it better than these other options?

[@OneAndOnlyMe]

Indeed, many people who have been using their ISAs since its inception have become ISA millionaires. And the best thing about an ISA is the total tax free nature. So you can have £1 million in an ISA and never pay tax on any income generate from it, e.g. a £40,000 a year (assuming 4% return) and zero tax to pay!

[@kishanvaja2549]

Can you invest in a stocks and shares isa and Lisa within the same tax year from the same company ? Love your videos

[@trickydicky90]

If you are a higher tax payer and over 40, ISAs make little to no sense, use the 40% tax advantage of a SIPP to build a portfolio at massively faster rate and then extract 25% free of tax at 55 and use to settle mortgages or invest in annuity or whatever. ISA a good if you don't want to tie away for a long time, but over 40, 15 years aint that long.

[@agnikai91]

Thanks for the video

[@5D_DAD]

Another great vid. What is the best way to invest for my children's future?

[@KaziologyVlogs]

Nischa how can I get in touch with you?

[@sura1778]

Thank you very much for this timely video. I managed to move a portion of my emergency funds into Trading212 ISA. Would you be able to create a video for Junior ISA, please?

[@lyndondavies9627]

Was there a link to a stocks and share isa that pays interest on cash please

[@delreylove]

Thanks for the video. Is there also a tax penalty for withdrawing money for a help to buy isa?

[@UKfinancial]

Hi Nischa, re stocks&shares isa here where you put 1/3 of emergency fund in holding/uninvested cash - do we pay tax on the interest gained here if it’s over the 20k limit? I want to put more than 20k in 212 for the 5.1% (current) rate but am unaware of the tax implications. I’d love some help if you could… Thanks! And great videos with useful content.

[@conorpmccarthy]

If you are going to pay tax on money in a savings account (non-isa), is that deducted at source or do you need to find an accountant?

[@user-ry8un7wr1j]

Junior ISA video please

[@namrofni6236]

Can we transfer the stocks and shares isa to cash isa afterwards? Can the stocks and shares investment go down?

[@ndikakazero2950]

I WISH SUCH INNOVATION COULD BE AVAILABLE IN AFRICA.

[@glade6076]

Carful were you invest and try to find out where your money will be used when invested.

[@thomasdowell]

6:28 Very misleading to say a LISA is "particularly useful if you're looking to buy your first home in the next year" as you have to have a LISA for at least one calendar year before you can buy your first home with it!

[@nocomment3198]

So if you are compound investing with Hargreaves for example. Do you have to pull out your interest and put the earnings into an ISA or does it not apply in this type of case?

[@LenaM277]

This sounds similar to ROTH saving account in the United States.

[@seantormey3531]

Very interesting. Thank you.

[@Billy_Bull_Sheeter]

If I give you my money can you look after it. ? How can I not pay tax ? And can you invest it best in an ISA?

[@NM-hq1io]

So you’re telling me rather than pay 20% towards my tax, I can pay it towards my ISA?

[@Priyanka-m9m]

Hi Nischa, please make a video on Junior ISA. Thanks.

[@thetickdoctor]

If one is self employed, can we put money in isa before declaring taxes? And isa is tax relief ? Or do we first pay tax on self employed and only then we can submit in isa?

[@ineskitoko4674]

Really good video as usually. But the deposit is capped isn’t it? So if we xan only put £200/month max we can only put £200 before the 5th April isn’t it?

[@rajansandhu3965]

Please could you make another video on the other ISAs?

[@nata5162]

If you already have an ISA from a previous year, can you open a new similar ISA? And does the £20000 threshold refer to the new or existing ISAs?

[@basicsurfer08]

Brilliant such a life saver!